A relevant comment from 'Good Morning Silicon Valley', on the news that Google will now be selling small ads for US newspapers-
For the newspaper industry, which failed to understand where its future lay back before Craigslist had a CEO and Google was still run out of a Stanford dorm room, and has been suffering miserably for it ever since, the program is a way to make some money off inventory that would typically be filled with worthless house ads. But it also proffers a dubious bargain: it will bolster the newspapers' flagging advertising revenues, but it may undercut their existing advertising relationships and, more importantly, rates in the process. Says Publishing 2.0: "Handing the reins over to Google’s efficient direct response advertising machine will only hasten the realization that the Web is much more efficient than print at driving action and response."
Will this sort of thing work in the UK? Probably sometime soon. Though the official moment will only be recognised when you read it in a newspaper.