"Google is like a gigantic parasite that hollows-out existing (media) businesses," says Jason Pontin, editor and chief and publisher of Technology Review and New York Times business columnist. This is part of a series of segments from an interview we had earlier this week.
He says that Google and Yahoo! "create nothing" and says that’s bad in the longterm for media businesses — and for the portals themselves.
Here’s the video of this interview.
Update 1/17: Not sure how much we can blame Google for this, but systemic problems with online advertising are getting more serious, according to this report by Michael Learmonth in Silicon Alley Insider.
— Andy Plesser