Welcome to Market Revolution's blog

Thank you for visiting Market Revolution's blog.

We live and work in exciting times - revolutionary times. Technology continues to recast the media industry.

The extraordinary advance of affordable personal digital technology and the stellar rise of social networks are both distrupting and transforming the media market making this a unique moment to be involved in the convergence sectors we focus on.

This is also our place to ruminate and comment on the world as we see it, we hope you enjoy and please join in.

Wednesday, 8 April 2009

Newspapers versus Google

The inevitable clash between the newspaper industry and Google is coming to a head and its fascinating to watch.

Round 1: Robert Thompson Murdoch's chief newspaper general labelled Google a 'parasites' or 'tech tapeworm in the intestine of the internet'

Round 2: Murdoch himself questioned whether Google was abiding by copyright law

Round 3: Google's CEO Eric Schmidt countered rather more politely praising newspapers and recognising their role but saying that they needed to innovate to survive. He warned that the turmoil in the newspaper industry was a direct result of newspapers failing to keep up with the pace of change - and ignoring their readers' wishes (ouch!).

We are front row at this heavy weight fight and we intend to stay gued to our seats as the titans of 'old' and 'new' media trade meaty blows in what some see as deciding the future of the newspapers.

We will keep you posted

1 comment:

Anonymous said...

I have certain sympathy with Googles' argument.

Newspaper started early and performed well online and then totally surrendered. Theres been very little innovation in newspaper industry and as Schmidt says they have failed to listen to Readers wishes. They are guilty of allowing Google (and others) to crash the party and they are paying the consequences now.

now is the time to be brave and bold but i doubt the industry has the managemnt bottle or the know how!