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Technology, Culture, Commentary on the Internet Revolution

Sam Zell is a N00b

by Mike Abundo on April 8th, 2007

Sam Zell

Jason Calacanis chews out Sam Zell, the real estate guy who just spent billions to buy a bunch of debt-ridden newspapers.

Witness this quote:

* “If all of the newspapers in America did not allow Google to steal their content, how profitable would Google be?” Zell said during the question period after his speech. “Not very.”

Ummm…. exactly the same–and Google doesn’t steal anyone’s content. Zell’s statement is so wrong on so many levels that you have to wonder if this guy has any idea what he bought, not to mention if the reporters at the Washington Post have any reporting skills and knowledge of the Internet.

Let me count the ways this statement is wrong:

1. Google doesn’t steal anyone’s content. Nope, they take a very short amount–around 200 characters including spaces–on Google News.
2. You can opt out of Google News AT ANY TIME.
3. Google News has NO ADVERTISING ON IT!

Someone this clueless deserves to lose billions in the fall of newspapers.

POSTED IN: Media

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