I liked the part about Yahoo and original content:
"So Should Yahoo! be in the (Original) Content Business?
Like HBO before us, Yahoo! should only create content in two cases:
a) When it's maximized all the opportunity around distributing the content of others. Which, in a Media 2.0-leveraging-edge-competencies sort of way, is a LONG ways off.
b) Opportunistically: The way Music pursues original content -- sponsors drive original content, not vice versa), but...
The Real Value Yahoo! Provides
…is in providing great experiences around content (Personalization, Community, Search) (to steal from Jeff Weiner of Yahoo! Search) helping users Find, Use, Share, and Expand (on) whatever media is most relevant to them"
Also Lucas Gonze highlighted these great points by Ian about the lack of open standards in the Web media world:
"What is the Path Out?
Please appreciate: it was not great technology that drove the Internet boom, but great standards.
Great technology gave us AOL, Compuserve, and Prodigy.
Great standards (TCP/IP, HTML, and HTTP) gave us unprecedented opportunity (the Web).
We're Still Lacking Standards in Digital Media
Similarly in digital media Great technology has brought us iTunes, iPod, and Windows Media Player.
Great standards (XSPF, XIPF, Web services loosely coupling together services like eMusic with applications like Songbird) can give us unprecedented opportunity.
But relatively few standards exist to serve the digital media ecosystem.
GO CREATE AND USE STANDARDS
If we have one collective mission, fellow campers, one place to focus all our energy, it's to create standards that decentralize and create platforms of opportunity.
What if Internet Explorer only went to Microsoft's site?
This is where we are in Digital Media today. The amount of unlocked opportunity due to lack of standards is enormous."