Already, entertainment video accounts for almost 2/3 of evening internet traffic and is rapidly growing. New “tech-media” firms are emerging as intermediaries. Technology and entrepreneurship are well on their way to transform media, but decision-makers in the traditional businesses and in government are falling behind. Many have not yet thought through all the implications for the media and infrastructure industries and for public policy. This year’s State of Telecom conference will provide needed information, analysis, and discussion.