I don't know about you but I have very little time left for television. Really, who needs it? WIth about five hundred RSS feeds I like to track and a constant stream of digital media available online, I don't have the patience to wait for TV. Plus, who really needs to see all those useless commercials? Come on. Net savvy consumers have a thousand better ways to make the buying choices they need to make.

The Wharton School of Business newsletter has a powerful article on the trend away from television. "Prime Time No More: The Television Industry Struggles Against Distribution Upstarts." The article's premise? In ten years or so the habit of waiting around for a program at a certain time or place will be old news.

So, what's going to happen to ABC, CBC, CTV, NBC, CNN, FOX, and PBS? These industries are in a pre-freefall with their existing business models and they know it. That's why they are looking at how the music industry handled the transition to digital - not very well.

What does this mean for entrepreneurs and investors? Simple. The business model around distribution and advertising is changing. No one really knows how it will stabilize if it will. It seems constant change is part of the matrix. The first phase of convergence involved media businesses aggregating content. The next phase will put technologists in the role of producers and for investors the opportunities are limitless.