Originally published February 15 2006
Google's growing power causes panic inside the web industry
by Mike Adams, the Health Ranger, NaturalNews Editor
The L.A. Times discusses industry paranoia surrounding Google, whose climb to power has seemingly displaced Microsoft as the internet giant.
But today, there's a different wolf at the door.
Although Microsoft is still flush with $40 billion in cash, it is Google Inc. that the media industry fears most.
So intense is Google-fueled paranoia, in fact, that industry watchers believe the Internet search giant could drive profound changes in the media, entertainment and technology landscape in 2006.
Media conglomerates such as News Corp. are buying Web properties like MySpace.com that connect them to young audiences, who are forsaking television and radio in favor of the Internet.
Here are some predictions for the media industry for 2006, based on interviews with industry analysts, executives and investors, along with a little intuition.
The machine would run an operating system created by Google, not Microsoft's Windows, which is one reason it would be so cheap --- perhaps as little as a couple of hundred dollars.
If rumors were to be believed, the Microsoft bid --- a premium of more than 30% over the Web giant's current market value --- was rejected by Yahoo as too low.
NBC Universal's Jeff Zucker, who last month pulled ahead of rivals such as sales chief Randy Falco to become the heir apparent to 62-year-old Chief Executive Bob Wright, may not have the throne locked up after all.
Everyone believes that among Walt Disney Co. Chief Executive Bob Iger's New Year's resolutions, securing an extended distribution agreement with Pixar Animation Studios is near the top of the list.
He will have a soft landing, though, as Paramount Pictures chief Brad Grey hires him to turn DreamWorks Television into a major prime-time TV supplier.
When Chairman and CEO Sumner Redstone announced his intention to split Viacom and put former CBS chief Leslie Moonves and former cable chief Tom Freston atop the two new companies, it didn't take long for pundits to dub those ventures "Lesco" and "Fresco."
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