Google, YouTube and “social media”
Blogger Susan Mernit makes an interesting point about Google’s $1.6-billion purchase of YouTube — why didn’t the search engine company, which has billions of dollars at its disposal, buy the New York Times or some other traditional media property? Her answer:
“The amazing miracle of YouTube versus The Times, as everyone reading this blog surely already knows, is that YouTube is a platform where cream–user-uploaded videos–rises the the top, to be savored by the world, while The New York Times Company is an information organization that pays thousands of journalists, designers, business people and administrative types millions of dollars to create expert content that tells people what to think and what to like. And honey, that day is passing fast.”
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