There is too much going on last few months in the IT industry. Google launching all the new things, Google and Microsoft buying new websites, Google PR algorithm change.... Whats the next thing Google gonna do? In my opinion they should open a TV station. Not only this would help them sell advertising space, also will expand their territory. You can look at these Hoax videos http://www.techcrunch.com/2007/01/28/google-tv-an-elaborate-prank/
Google TV? That is a big invest that could topple easily, I don't think Google will be getting into that market, you'll create a lot of emenies who already use your advertising service and then in return will be competeing with them for TV advertising sales.
Having TV channels would be just marrier for Google. They can use their own TV station for advertising. Plus chances are good we would get a good channel.
I doubt Google has the money or resources to run good television programs, not many start-up TV networks last long.
Google got money. Plus there is always bank loans they can take. I think they have an advantage of people already know about them.