Future of TV Snaps Into Focus - with 500 Million Dollar Fund

Today Peter Chernin, the former president of News Corp and AT&TT announced a half-a-billon dollar fund to invest and acquire new web video properties. It's a critical moment in the TV to the Web transition - but one that makes perfect sense. Here's the backstory -> Television, that big box that filled living rooms with a blue glow through two generations - is gone. The era of three networks, tv dinners, and the dull thud of the 'boob tube' has all but vanished. Good riddance! But what you may not have noticed as you checked your email, read your Twitter



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