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Memo Pad

Memo Pad: Churchward Departs... Two Are Better Than One...

Memo Pad: Churchward Departs... Two Are Better Than One...

by Stephanie D. Smith and Nerissa Pacio and Irin Carmon

Posted Thursday June 12, 2008

Last Edited Thursday July 24, 2008

From WWD Issue 2008/06/12

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On whether Google is responsible for the decline of traditional media, such as The New York Times, Schmidt was quick to note that the Times is a big Google advertiser, traffic on Google typically drives users directly back to a publisher's Web site, and publishers can opt out of being part of the site's search index.

Regarding speculation about a Google partnership or merger with Yahoo, Schmidt said, "First of all, we haven't announced a deal with Yahoo. If we did partner with Yahoo, we would make sure there weren't any antitrust concerns." Later, in response to another question, he said, "I don't know if Microsoft and Yahoo will eventually merge. We are trying to focus internally and not on our competitors."

A member of the audience at the St. Regis San Francisco asked the ceo "What is your idea of creating a better world through Google?"

Schmidt responded: "A lot of the world's problems surround a lack of organization. We're empowering individuals to use technology to find out things. You're going to get better governance and better business when you have transparency....The world is better when people know what you are doing."

— Nerissa Pacio
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