Google CEO Schmidt Says 'high quality journalism will triumph'
Google CEO Eric Schmidt -- speaking at the American Society of News Editors annual meeting in Washington D.C. -- reportedly said that high-quality journalism will prevail. Politico's Jake Sherman has a detailed report on Schmidt's remarks, including the high-tech executive's advice for making money off content on the Web.
As has become a common refrain in the news media business, Schmidt also noted that there's more of a business model problem than a news problem facing the industry.
The Associated Press also covered the speech, getting a mixed reaction from some of the editors in the crowd.
source : http://www.techflash.com/seattle/2010/04/google_ceo_says_high_quality_journalism_will_triumph.html