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Who Owns What: Media v2.0

Think Murdoch’s acquisition of the Dow Jones properties is scary? Then you haven’t taken a look at Google’s scorecard lately.

In the past year, Google has been hunting prospects and nabbing some of the most innovative communications tools out there. Among the group: GrandCentral, Feedburner, Panoramio, Tonic Systems, Adscape Media…the list goes on.

A few weeks back, I started compiling lists of major media companies and their acquisitions. I’m usually not surprised to hear that a deal’s gone through…the DoubleClick announcement didn’t rock the digital media world. But when I look at the companies in aggregate form, that gives me pause.

We’re so darn concerned about what Rupert will do to the Journal, what will happened to Times Select next, whether or not reporters should be allowed to blog that we’re losing sight of the bigger picture.