Just For The Record, Google Not Buying Dow Jones

from the no-deal dept

As if there were any doubt, Google CEO Eric Schmidt has confirmed that his company has no interest in buying a media company, like Dow Jones. This, of course, should be really obvious to anyone that understands Google’s business, yet the company managed to turn up in a list of possible suitors for Dow Jones following News Corp.’s bid for the company. At the time, it was obvious that it wasn’t an idea to be taken seriously, but rather an indication of Google’s prominence that it always comes up in such discussions. Instead of buying content creators, Schmidt said that Google is more interested in partnering with them, which is something that Richard Parsons at Time Warner might want to think about before making any more wild west analogies. However, while Google won’t be buying any media companies, it’s safe to assume that the DoubleClick purchase won’t be its last, as it continues to aggressively expand its product offerings.

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