Eugene David<br>...The One-Minute Pundit

Posted 8:33 AM by Gene

A busy day at MediaBistro:

1. Google Inc. is on track in 2006 to become the first company ever to pocket 25% of all U.S. online ad spending in a calendar year, according to a new report from eMarketer, an online ad tracker.

For 2006, Google's expected to report U.S. advertising revenues of $4 billion of the $16 billion expected to be spent in 2006 this year in this regard.

$4 billion in ad sales = $1 KAZILLION in market cap!!!!!

2. The Pentagon has brushed off a request from a journalist organization seeking more information and a decision on Bilal Hussein, an Associated Press photographer held for six months in Iraq without formal charges.

Meaning the hacks will mount a CAMPAIGN, which should convince most readers of Bilal's guilt.

3. YouTube represents the triumph of bottom-up culture and another sign that old media businesses, from record companies and TV networks to newspapers like The Times, are going to see more of their audience migrating to the Internet.

Okay, MOGUL'S FRIEND, why are so many of your RICHIE-RICH TOP-DOWN FRIENDS rushing to get in?

For now, YouTube is an unruly swap meet. But it's also the kind of level playing field where some noisy kid dancing in his underwear has just as much star power as a pampered celebrity. Is this a democracy or what?

I'd say it's blogging redux, where SUPERDUPERMEGAGIGABLOGGERS have 50 billion times more power than I, and I'd also say it's a columnist with too much time on his hands.