I guess there is some moral to the story to the news that octagenarian boss Sumner Redstone gave Viacom CEO Tom Freston the heave-ho for not moving aggressively enough into the Internet. Sheesh. Take any media company (with the exception of News Corp. which is blessed with Fox Interactive chief Ross Levinsohn) and you’ll see an org chart still dominated by dodos who don’t get the online joke.
I don’t think Freston, per se, was anti-Internet. Heck, MTV.com has done great work in that regard but got its ass handed to it by AOL during that big charity concert a year or so ago. But now it’s Bubble 2.0 time and corporate boards are demanding that their executives be on the acquisiton prowl for social network plays, tagged content services, and rich media sites.
There are days when I really miss the big online media game, but for the time being I need to sharpen my chops on the buyside — going back into production would be a step backwards — before yearning for the biz dev end of the business.