If Jeff Bezos ever tires of regularly shelling out tens of millions of dollars to subsidize the Washington Post’s losses, he’s going to have to take on the Google online advertising monopoly.
|By: Jane Hamsher Tuesday August 6, 2013 4:31 pm|
|By: Jane Hamsher Thursday October 4, 2012 4:31 pm|
Google’s incredible profits didn’t materialize out of nothing. They are derived because as the news audience has migrated online, Google has skimmed the lion’s share of news advertizing revenues for itself. That money used to go to pay for investigative reporting. Google’s glittering balance sheet basically comes from driving the 4th estate out of business.