Gargantuan media company Google, only 10 months after starting trading as a public company, is the biggest media company on the face of the earth in terms of stock value, which is now at 80 billion dollars.[BBC News]This takes it ahead of media leviathan Time Warner, which is valued at $78bn.
The valuation comes in spite of the fact that Google's annual sales total just $3.2bn, a fraction of Time Warner's $42bn
Flippin' heck, that's a huge share price when you compare Google's sales to Time Warner's. The argument for this, according to the BBC story, is that Google has immense "future earning potential". I'd say that's probably true. Googlarific!