Google generates as much revenue as all US newspapers combined(businessinsider.com)
businessinsider.com
Google generates as much revenue as all US newspapers combined
http://www.businessinsider.com/future-of-digital-slides-2012-11#-31
http://www.businessinsider.com/future-of-digital-slides-2012-11#-31
Define quality journalism however you wish, but please consult a definition of journalism, e.g. how to write, edit and report news.
The point is, as with so many things they offer, not just news, Google is nothing but a middleman. They are not going to be the ones to keep e.g. decent long form journalism alive.
How that situation - a monoplistic middleman for news - bodes for our long term future is some interesting food for thought.