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News Corp chairman Rupert Murdoch: Who needs Google?

"There are no news websites or blog websites anywhere in the world making any serious money, some may be breaking even or making a couple of million."

News Corp chairman Rupert Murdoch has suggested the company's online newspaper pages will be invisible to Google users when it launches its new paid content strategy.

He said: "There's not enough advertising in the world to make all the websites profitable. We'd rather have fewer people coming to our websites but paying.

Schmidt: Worst of recession is over; Google is hiring

Google exceeded Wall Street’s expectations for the third quarter by reporting net income of $1.88 billion, or $5.89 per share, on revenue of $5.94 billion, up 7 percent from the same quarter a year ago. Excluding traffic acquisition costs, Google’s revenue was $4.38 billion. Wall Street analysts had been expecting earnings of $5.42 a share on revenue of $4.24 billion. (Statement)

Adjusted for expenses, the company reported a net income of $1.64 billion, or $5.13 per share.

BBQ Fire On Google's Roof at UK HQ

Google’s a hot company to work for - literally. A fire atop its UK HQ on Victoria’s Buckingham Palace Road in London forced its evacuation shortly after Thursday lunchtime. “Yes, there has been a fire at Google (NSDQ: GOOG) London,” a spokesperson told paidContent:UK. “All people are safe, fire brigade are on the scene and doing their stuff.” She added: “It’s just a small section of the terrace outside where a barbecue was taking place today ...

Hey Newspaper Guys: Google's Not Making Money From News

It's become popular for old school newspaper folks to hate on Google and other aggregators for somehow "profiting" off of their content. This is wrong on many, many levels. First, the aggregators send traffic to newspaper sites. They're promoting the newspapers' content. That's a good thing. But much more important is that they're barely profiting from it, if they're profiting at all. That's why it's odd to see some newspaper folks like Howard Owens think that the answer to the newspaper industry's woes is to create their own aggregator and start making all that cash.

Google's New Operating System Will Take on Microsoft

The all new Google Chrome OS was outed this morning on the Big G’s official blog. But what does it mean for the next generation of netbooks and PCs? Read on to find out how Google Chrome OS can see off Windows and change computing forever.

1. It’s free
Google Chrome OS will be able to undercut Microsoft’s hefty licencing payments. Unlike Linux though, it’ll also come backed up by stacks of well known features from Google Docs, gMail, Picassa and of course, the Google Chrome browser. And what’s more that’ll all be integrated from the first boot–up.

2. It has Google’s name on it

Jacko Attacko: Google thought Michael Jackson traffic was attack on servers

Google has confirmed that the surge of Michael Jackson-related searches on Google News Thursday was first interpreted as an attack on its service.
Google News was inaccessible for some people Thursday afternoon right as rumors of Jackson's death began to circulate, replaced by an error message reading "We're sorry, but your query looks similar to automated requests from a computer virus or spyware application. To protect our users, we can't process your request right now." READ FULL ARTICLE>>

Google's Search Patterns Say Economy Is Recovering

Google's economist Hal Varian says Google's search patterns show that the economy is recovering.

"As a contemporaneous predictor, predicting the present through search queries has been a pretty good predictor of initial (jobless) claims," said Varian, who was visiting Washington this week to make the case that government agencies should use Google tools to better draw current snapshots of consumer sentiment, corporate health and social interests.

Google: We're Rolling Out Awesome New Ad Formats That Will Drive Revenue To Moon

Google (GOOG) held a conference call today to remind Wall Street about its search business. Sounds like it was mostly a snooze except for the bit about some new ad formats. We could see those driving per-click revenue up fast. businessinsider.com — READ FULL ARTICLE

U.S. Prez Praises Twitter, Google & Facebook — But Not Microsoft's Xbox

Does today’s speech from President Barack Obama to school children across the United States need any more controversy? Having listened to it, I personally can’t see many parents objecting. But I could see one tech company not happy: Microsoft. Competitors like Google got called out as “good” things to aspire to while a Microsoft’s Xbox was something he suggested should be turned off.

From his prepared remarks, which should be pretty close to the exact speech he delivered: Microsoft gets the bad news early:

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