Google CEO Eric Schmidt has acknowledged he realized upfront that he was overpaying to acquire YouTube, to the tune of $1 billion, judged by any conventional measures.
Google wants its online news site to feel more like the good old print product.
And the company is prepared to pay for it.
Google took the wraps off of Fast Flip on Monday, a slick online tool that lets readers flip through articles from newspapers and magazines as quickly and effortlessly as if they were turning the pages of a magazine.
Apple, Google and AT&T all filed their responsesFriday to the FCC’s requestfor more information in the Google Voice app saga. The story line thus far has been trying to determine the reasons behind Apple’s decision to reject the iPhone app. Some blamed AT&T for the thumbs down, believing that the iPhone’s exclusive U.S. carrier feared the app would provide competition for voice services on the smartphone.
The US telecom regulator FCC has been looking into why Apple rejected an Internet telephony application from Google for inclusion in its iPhone application store. Responses from Google, Apple and AT&T, the exclusive U.S. iPhone carrier, are due today.
YouTube executives and spinmeisters have been pushing back more aggressively at the perception that the video site is a great big drain on Google’s bottomline, probably losing $200 million to $500 million a year by some estimates. These execs say that hundreds of major advertisers are taking spots on YouTube against “hundreds of millions” of video views every week.
Lots of news in online video world, some potentially significant.
And some we can only wait and see about.