Newspaper publishers cry the blues at conference

Linking to this AP story is exactly the kind of thing the Associated Press says is causing their business to fail.

Newspaper publishers meeting in San Diego got a brutally honest assessment of the struggling newspaper industry from the perspective of Google CEO Eric Schmidt:

Schmidt commended newspapers for staking claim on the Internet in the 1990s but said there wasn’t a second act. He says news Web sites take too long to read, even slower than flipping through a newspaper or magazine, a shortcoming that can be addressed by improving technology.

Grumpy old media journos need to listen up: Relevant content matched with relevant advertising works.

More coverage here.