Google Eclipses Big Three Media Companies

Google’s rise continues:

“If there were any doubts that we were back into a new, digital media economy, they were laid to rest Monday when the price of Google’s shares topped $600 for the first time, giving it a price to earnings multiple of 49.54, and a market capitalization greater than the three biggest traditional media companies – Time Warner, Walt Disney Co., and News Corp. – combined.”

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