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May 21, 2009 / 10:26 PM

Eric Schmidt: Google won't buy newspaper

Google Chairman and CEO Eric Schmidt (UPI Photo/Kevin Dietsch)

Google Chairman and CEO Eric Schmidt (UPI Photo/Kevin Dietsch) | License Photo

MOUNTAIN VIEW, Calif., May 21 (UPI) -- Google Chief Executive Officer Eric Schmidt, in an interview with Financial Times, said the company considered buying a newspaper and decided against it.

In the interview published Wednesday, Schmidt said his company, as a platform to reach other Web sites, wants "to avoid crossing the line" between technology and content.

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Other news stories have suggested Google is considering partnerships with news organizations or possible investments in them. There have also been suggestions that some newspapers could be converted into non-profits through the Google Foundation.

"They are unlikely to happen without some massive, massive set of corporate bankruptcies," Schmidt said.

Google's relationship with news organizations has been a difficult one, with some accusing the company of making money off the content they pay to provide. Schmidt said Google helps news Web sites by sending readers to them.

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