“Why local media companies should fear Google”

This post by Terry Heaton made me flash on a Google search page with a “Pages from Missouri” button (or any of the states where we have networks):

“Google’s mission is to organize the world’s information and make it easily accessible to everyone. This ought to be the mission of every local media company, for one day we will find a similar button on Google regardless of the zip code from which we are logging in.”

Will Google be able to cover state news (with audio, video, stills,etc) better than our networks? Blasphemy I know, but it doesn’t seem wise to assume that our little corner of the news/media world will be untouched by the changes happening all around us.