Google Chief Executive Eric Schmidt had some damning words for the top broadcast networks during a keynote speech at the Web 2.0 Summit in San Francisco, reports Mediaweek.
Schmidt portrayed the broadcast networks as standing in the way of innovation by acting like protectionists, the story says. In a slightly mocking tone, he relayed the comments of one network executive, who said, "“Don’t you realize that you are taking a dumb TV and making it smarter?”
Schmidt doesn’t view a smarter TV as a problem, the story notes. "“The concern is that the enormous revenue stream is going to be somehow affected by Google TV. I disagree. People are going to watch more TV.”