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“There is a big wave of video coming online and these (media) guys want to work with us to stay relevant in this changing marketplace,” Hurley said during an interview with The Associated Press. “This trend in the Internet isn’t changing, so we are working with them to find solutions on how they can embrace what we are doing and really leverage that to help their business.”

With 100m videos viewed daily, 2.5bn monthly and 20m unique visitors per month it is little surprise that YouTube co-founder and CEO Chad Hurley was the center of attention at last weeks Allen & Co. annual media conference. The above quote from Micheal Liedtke’s WP piece captures the present day realities facing established media players. Andrew Ross Sorkin’s DealBook coverage and Kenneth Li’s class of 2006 piece provide glimpses into the weeks festivities. As for Martin C. Taylor’s deep theories about how business and finance are influenced by such cultural trends as postmodernism more to follow …

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