Speaking at the Bear Stearns conference, Google CEO Eric Schmidt stated the obvious by admitting that traditional media and technology companies remain far apart on how they view online video. He said the argument stems from how you define value in online content. Media companies say it has intrinsic value, but Schmidt says it only has value if it’s seen. “Ultimately, product value is determined if people view it,” Schmidt argued. “They vote with their clicks, they vote with where they go.”
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