Murdoch Says Google Is Stealing From Publishers

Media mogul Rupert Murdoch accused Google Inc. (GOOG) Thursday of poaching content it doesn’t own and urged media outlets to fight back. “Should we be allowing Google to steal all our copyrights?” asked the News Corp. chief at a cable industry confab in Washington, D.C., Thursday. The answer, said Murdoch, should be, ” ‘Thanks, but no thanks.’ ”
…
Murdoch’s anger is understandable.
…
Like the music industry, newspapers have watched new distribution channels change the economics of their business. Sites like Google, which don’t produce any journalism of their own, have made themselves into destinations for readers by successfully organizing the work of others and selling advertising against it. Meanwhile, the authors whither. [via Forbes]

• Become A Funded Futures Trader