From the NYT, some challenges media companies face in the age of rapid convergence:
For once, the visionaries were right. Video is popping up on cellphones, iPods, TiVo's and Web sites. And as for blogs, photo-tagging sites like Flickr, podcasts and the rest of the bubbling digital stew, it's clear that lots of media are coming together in lots of devices in lots of ways.
Yet for all the time that media executives - from the towers of Sixth Avenue to the back lots of Burbank - had to prepare for convergence, they are now scrambling to figure out what to do about it.
"Convergence is possible now, and you are seeing the earliest breaks on the beach," said John C. Malone, the chairman of Liberty Media, who has been trying to profit from convergence for the last two decades. Now that it's here, he predicts there will trouble for many established companies.