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Article argues the i-Pad is a device for consuming media, and that it offers a new platform for media companies to utilize. What type of business model will result from such a platform, and are there new economic models that will result from its introduction?

""We believe that the near future will dictate seamless single-device applications for the consumer, which is why we are committed to the media convergence space," said Bobby Cha, chief marketing officer at Inbrics."

Teens and tweens spend an average of 7.5 hours per day playing games, watching videos, and listening to music on their mobile devices.

"Widevine, a provider of digital entertainment solutions, and Qtv, Inc. today announced that they will partner to bring Widevine's video optimization and multiplatform Digital Rights Management (DRM) technology to the Qtv Internet TV Media Player for the television, mobile phone and personal computer."

"Widevine, a provider of digital entertainment solutions, and Qtv, Inc. today announced that they will partner to bring Widevine's video optimization and multiplatform Digital Rights Management (DRM) technology to the Qtv Internet TV Media Player for the television, mobile phone and personal computer....The Qtv Internet TV Media Player gives consumers the unique ability to access and play both personal and Internet-based content from their TV, mobile phone and computer. When it is released in the next few months, it will have the largest installed base of supported devices of any media player."

"Portending future growth of viewing on alternative platforms, incidence of TV consumption on the computer/ handheld devices is already ubiquitous among young people, with 82% of 15-17 year olds surveyed viewing at least monthly. On handheld devices alone, half (48%) of online young people surveyed report watching TV content at least monthly, doubling from 24% last year."

"Mr Jobs articulated his belief that a "functioning media" is vital to a "functioning democracy" and how his "gorgeous" device would help safeguard that role...The question haunting publishers is whether they will suffer the same fate as the music industry, which was hit by Apple's 2003 deal to unbundle the album format by offering downloads of individual songs via iTunes."

"Who has time to sit on the couch and watch TV anymore? In the last 10 years, broadcasters have lost 25 percent of their audience. So to win back some viewers, the industry has a plan to grab their attention while they are on the move. Beginning in April, eight television stations in Washington, D.C., will broadcast a signal for a new class of devices that can show programming, even in a car at high speed. In all, 30 stations in Atlanta, Chicago, Los Angeles, Seattle and Washington have installed the necessary equipment, at a cost of $75,000 to $150,000

America's advanced cellphone network is already beginning to be bogged down by smartphones that double as computers, navigation devices and e-book readers. Cellphones are increasingly being used as TVs, which hog even more bandwidth. They can also transmit video, allowing for videoconferencing on cellphones.

But this year, with technology powerhouses like Apple and Google introducing whole new mobile devices and buying up ad firms specializing in the small screen, the forecasts may finally be right.

"There's an iPhone App for CBS News and the network's content is available on FLO TV, both distributed via devices with the type of audience data the network seeks. Seidel said the network elected not to participate in the Open Mobile Video Coalitions because it has no audience authentication for over-the-air, mobile DTV."