With apologies to Jeff Jarvis. Google’s YouTube is on track to lose $470 million this year, notes Boston Globe reporter Emily Sweeney on her blog. Why can’t the New York Times Co. find geniuses like that to run the Globe?
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Very unlike the NYT/Globe, Google’s core business is well-run, thus it is setting on a metric bleepload of cash and can easily afford to take a longer view of a money-losing operation that it thinks will be very profitable in the future.
That’s rather different from losing a pile of money because you have incompetents running a company whose business model is going the way of buggy-whip companies.
Rich: Oh, of course. But still.