Bjarke Myrthu sees a business opportunity for “old media” in “the challenge of the age” identified by Google’s Eric Schmidt: Learning how to rank user-generated, real-time information. Bjarke:

Part of what he calls “real-time social content” is what old media is calling “breaking news”. In other words Google is working hard at becoming the best at collecting and organizing breaking news produced by all of us. While most of us had no idea what Google was about to do first time around (I remember thinking it was a great service but too bad they would never make money), this time around the Newspapers and the rest of the media industry actually have a chance to compete. Why should the best brands in old media not be able to create a great search technology and future business model for breaking news?