Google founders' wealth dwarfs newspapers

07 October 2008 | 15:29 - By Stefano Boscutti

ValleyWag says the combined personal wealth of Google founders Larry Page and Sergey Brin is $32 billion - around $12 billion more than the estimated value of the entire U.S. newspaper industry.

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Okay, I need to sit down now. That is a big number. But is it a question of Google's rise or the newspaper industry's fall. Newspapers (to mix metaphors) seem to be in freefall and imploding at the same time. Newspaper management seems dead keen to cut the production and reproduction of stories at an alarming rate. Which means even less reason to turn to them. Do you read newspapers the old fashioned way? Or does the newsprint on your fingers foul up your day? Do you read newspapers online? International? National? Local?

http://valleywag.com/5052429/google-cofounders-wealth-dwarfs-newspaper-business

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About this Blog

New New Media looks at how our mediascape is exploding to bits. How the latest technology and the internet are changing the way we live, work and play. How the latest media is shaping us all.

Stefano Boscutti is an executive creative director and strategist. He's like a better looking version of Todd Sampson. He also has an abiding faith that stories and wordplay (and not powerpoint presentations) will change the world.

 
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