"With Web 2.0, the Web is starting to impinge on broadcasters and they're just where newspapers were 10 years ago - in denial" Michael Rosenblum

Today's quotation from VJs for the digital age by Andreas Tzortzis writing in the International Herald Tribune

David Halberstam the great American writer has been killed in a car accident. A major loss.

From left coast pal Kent Vickery a management lesson:

A man is getting into the shower just as his wife is finishing up her shower, when the doorbell rings. The wife quickly wraps herself in a towel and runs downstairs. When she opens the door, there stands Rob, the next-door neighbor.

Before she says a word, Rob says, "I'll give you $800 to drop that Towel." After thinking for a moment, the woman drops her towel and stands naked in front of Rob After a few seconds, Rob hands her $800 and leaves.

The woman wraps back up in the towel and goes back upstairs. When she gets to the bathroom, her husband asks, "Who was that?" "It was Rob the next door neighbor," she replies. "Great," the husband says, "did he say anything about the $800 he owes me?"

LESSON LEARNED:

If you share critical information pertaining to credit and risk with your shareholders in time, you may be in a position to prevent avoidable exposure.

Congrats & cheers: Doug Perlson named founding CEO and principal of TargetSpot, the new firm will introduce a sales platform focused on streaming media. The self-serve bid engine allows users to create, buy and place ads. CBS Radio will use the platform for its owned and operated stations. Bravos and good luck to owners CBS Radio, Oddcast, Union Square Ventures and Milestone Ventures. Brett Allsop and Tom Romary on their new venture Yapta, the very cool new platform for buying your airline tickets.