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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

Google chief laments newsprint decline

Google chief executive Eric Schmidt, talking at an Advertising Age seminar in Los Angeles, about the "bleak" outlook for newspapers: "The optimism is that there are more people online than ever, older businesses will discover how to monetise and we will all get through this. I would love that to be true. The evidence does not support that view." He said it was "a tragedy," in part because "investigative reporting is so important for democracy." (Sources: FollowTheMedia/LA Times)

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