RealMoney Radio: Web Wake-Up

Old media missed another opportunity when Google bought YouTube.
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"The digital revolution has changed the way we are informed and entertained, and it has forced old media companies to change the way they do business," Jim Cramer said on his

"RealMoney" radio show Tuesday.

Verizon

(VZ) - Get Report

is reportedly in advanced talks with

YouTube

to distribute the site's videos on cell phones and TVs, Cramer said.

While Verizon has been spending money on buybacks, if it had bought YouTube, it would have sent market players the message that it is "forward-looking and clearly making a commitment to the Web," he said.

Instead, Cramer said it makes him "crazy" that

Google

(GOOG) - Get Report

bought it because it was the opportunity for an offline company to become online.

"But the offline guys still aren't committed," he said. "They're still hiring people to assess the Web and make small acquisitions."

The only exception is

News Corp

(NWS) - Get Report

, which Cramer owns for his charitable trust,

Action Alerts PLUS.

"News Corp stepped up to the plate and bought

MySpace

, and it has been huge for it," he said.

On the other hand, if Verizon had bought YouTube, "it would

instead be Google paying Verizon to license content," Cramer said. "In the end, it would have been a price-to-earnings expander for Verizon."

Market players will hear and read about "all sorts of attempts to monetize every gadget and every program, but the only kind of model that works is where you don't have to pay for the hardware or the content," he continued. "Google has this model."

In the deal Verizon made with YouTube, Google will do nothing, but in the end it will get compensated.

"That's my kind of deal," Cramer said.

Google is the "winner," and its stock "should be bought," Cramer said.

Master and Commander

MasterCard

(MA) - Get Report

has been an "unbelievable story" that has doubled since it IPO, Cramer told listeners.

"

Crocs

(CROX) - Get Report

is the next MasterCard and is going higher," Cramer went on to say. "It's a major brand that is making a push overseas."

Moreover, the shoemaker's stock is going to $50, with the "shorts scrambling and the longs buying," he said. Crocs was recently trading at $44.56.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.

At the time of publication, Cramer was long News Corp.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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