EU says looking into 3 complaints against Google
BRUSSELS |
BRUSSELS Feb 24 (Reuters) - European Union antitrust regulators said on Wednesday they were looking into complaints filed by three online companies against Google (GOOG.O).
"The (European) Commission can confirm that it has received three complaints against Google which it is examining. The Commission has not opened a formal investigation for the time being," the EU executive said in a statement.
The Commission did not identify the companies.
Google said earlier on Wednesday that British price comparison site Foundem, French legal search engine ejustice.fr and Microsoft Corp- (MSFT.O) owned Ciao from Bing had complained to the Commission regarding its practices.
(Reporting by Foo Yun Chee, editing by Timothy Heritage)
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Mel went on to explain that back when he was the CEO of CBS , advertising had no accountability – no return on investment.
“You buy a commercial in the Super Bowl… and you had no idea if it worked! You had no idea if you sold product… if it did any good,” Karmazin said. “I loved that model.”
“And then here comes Google. They screwed it up!” added Karmazin, semi-jokingly.
The conversation was the culmination of an underlying theme throughout the interview: the shift in media’s business model. Terrestrial radio – and in fact, almost all of mainstream media – is suffering because of an advertising model that never focused on creating a return on investment.
“I think that there is too much [advertising] inventory,” Karmazin told Rose earlier in the interview. “I think that the Internet has changed… the world. And what’s happened is that there is far more supply than there is demand.”
But since Sirius XM Radio isn’t dependent on advertising exclusively as it’s revenue stream, it doesn’t suffer as much as its terrestrial radio cousins.
“And that’s why subscription, subscription, subscription… I used to love the advertising business until Google ruined my day,” said Karmazin “Google comes along and this is the new way of doing it, and I’m now in the subscription business.”
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