Biz, Tech: Google considered buying newspapers – but not anymore.
- the draw Google, with their charitable arm, Google.org, was once interested in buying a paper that wanted to carry non-profit status. They were also offered a stake in The New York Times.
- why not? CEO Eric Schmidt said that the company ultimately decided that the debt load was too high and that they didn’t want to be on the other side of the news-aggregation plate. Good move. source