Portfolio.com
From
Russ Mitchell's interview with Google CEO
Eric Schmidt:
The New York Times is under pressure to sell. Blogs are abuzz with the idea that Google ought to buy it, because it’s in your interest to keep the quality of journalism high.
I'm not aware of a proposal for us to buy the New York Times, but I'd never rule anything out. So far, we've stayed away from buying content. One of the general rules we've had is "Don't own the content; partner with your content company." First, it's not our area of expertise. But the more strategic answer is that we'd be picking winners. We'd be disenfranchising a potential new entrant. Our principle is providing all the world's information.
