Rob Paterson makes the case that the television economy is about to hit an iceberg:
... The Iceberg is the weight of money that is leaving conventional media and going to the web. My forecast is that 2008 will be the year - 2008 will be the year where the web/digital will become where the ad money will go - the work for all providers of all types of content then will be to reset their universe. ¶ Today most people in TV and radio see the web as a growing and important channel. In 2008, the smart people will see the web as the primary channel and that their old channel is now the supporting channel. Of course most will not see this and they will be lucky to find a life boat. ...
Link: FASTForward Blog.
Update 31 October 2007:
In his post, Rob mentions Hulu, the NBC + News Corp joint venture. Liz Gannes has an overview of it in Hulu Debuts to Meet Foes and Find Friends. Link: NewTeeVee. --Dennis