<snip> This year, Google will sell $6.1 billion in ads, nearly double what it sold last year, according to Anthony Noto, an analyst at Goldman Sachs. That is more advertising than is sold by any newspaper chain, magazine publisher or television network. By next year, Mr. Noto said, he expects Google to have advertising revenue of $9.5 billion. That would place it fourth among American media companies in total ad sales after Viacom, the News Corporation and the Walt Disney Company, but ahead of giants including NBC Universal and Time Warner.
I can see the suits on Madison Avenue shaking all the way from Texas. Happy Halloween guys. The article goes on to talk about some of the potential conflict ahead.
Not content to just suck advertising dollars from Web search, Google is using its windfall to pay for an eclectic range of ambitious projects that have the potential to radically disrupt other industries. Among other things, it is offering to build a free wireless Internet network in San Francisco, plans to scan nearly every book published and is testing a free classified advertising system it calls Google Base.
CNN also covered Google Base in a very no-nonsense manner pounding home the conflict this will cause with Google’s clients like eBay and Craigslist. Nothing like a good fight on the horizon.