Among the many things worth reading this week, there’s this from Will Oremus in Slate. Using a chart that demonstrates that Google (worldwide) generates more advertising revenue than the entire US print media combined, Oremus recalls the origins of the newspapers’ “partnership” with Google:
The newspaper industry was willing to play along, if only for lack of a better idea. Gary Pruitt, then the CEO of McClatchy Newspapers and now CEO of the Associated Press, said, “We take comfort from Charles Darwin’s observation that it’s not the strongest species that survives, nor the most intelligent, but the ones most responsive to change. We just need to be adaptable.”
Flash forward half a decade, and it turns out that newspapers weren’t the strongest, the most intelligent, or the most adaptable. They’ve continued to churn out the same content while watching their advertisers steadily flee for sites like Craigslist, Yahoo, the Huffington Post/AOL, Facebook, and yes, Google.
Continue reading: Google eats the newspaper industry and five other must-reads