Google CEO laments the decline of newspapers

Posted by Bill Gaffney | August 1st, 2008

SAN FRANCISCO, CA - JANUARY 9: Google CEO Eric...Image by Getty Images
via Daylife

Following up on the recent comments Google CEO Eric Schmidt had concerning newspapers and their future, Advertising Age has posted video of him at their Ad Age Madison & Vine conference.  In his stage appearance, he forecasts the future as “bleak” for the newspaper industry, adding that the loss of investigative reporting in which newspapers excel is a “tragedy” as it “is so important for democracy.”

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