Google thought about buying a newspaper

In an interview with the Financial Times, Eric Schmidt, chairman and chief executive officer of Google said that the technology giant has considered purchasing a newspaper, www.ft.com reported today.
Schmidt elaborated that Google has since decided against an acquisition or charitable donation to avoid a conflict of interest.
From the article:

“‘Clever ideas about sheltering newspapers in non-profit structures had been suggested to the Google.org foundation but they are unlikely to happen without some massive, massive set of corporate bankruptcies”, Mr Schmidt said.

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