The New York Times reports today that Google's Knol is sending waves of concern throughout the media world, which is suddenly realizing that Google has the power to giveth and takeaway all that traffic on which they so depend.
Here's the pivotal quote in the piece:
While Google helps drive the success of other content providers, it is clear that the company will not shy away from entering what it considers “high-value” content areas, said David B. Yoffie, a professor at the Harvard Business School.
“If I am a content provider and I depend upon Google as a mechanism to drive traffic to me, should I fear that they may compete with me in the future?” Professor Yoffie asked. “The answer is absolutely, positively yes.”
I've been saying this forever. So I should probably be happy that a Harvard Business School professor is making the case. Perhaps now someone at newspapers will listen. Google News exists to eat your lunch, not to feed you lunch.