Politico reports on a speech by Google CEO to newspaper executives in which he predicts things will get better for the industry:
“High quality journalism will triumph,” he said.
But along with that praise came his advice about how the business should change: Organizations should refocus their attention on personalizing content and disseminating news through mobile devices â€“ businesses in which Google is heavily involved.
Schmidt told the mostly full ballroom that â€œnew forms of making money will develop,â€ and that Google is working on those forms. But he declined to divulge many details about that work.
â€œThe web can ultimately be very good for news,â€ Schmidt said. â€œThink about it: You have more readers than ever, you have more sources than ever, for sure you have more ways to report and new forms of money. New forms of making money will develop.â€