@ ASNE: Google’s Schmidt: ‘We Have A Business Model Problem, Not A News Problem’

Eric Schmidt came to DC Sunday night to praise, not to bury newspapers, deftly massaging egos about the value of journalism while sliding in all the reasons they should still be concerned about the future — and the suggestion that Google (NSDQ: GOOG) should be seen as a partner. News still matters, Schmidt told members of the American Society of News Editors, with newspapers responsible for more than half of all original news coverage by his calculations: “We have a business model problem, we don