It's the future of media!

Some pull-out quotes from I Want Media's “The Future of Media” event.

• David Carr said the New York Times would “absolutely not” go out of business, and defended the Times pay wall.
• Newsweek/Daily Beast executive editor Edward Felsenthal said Newsweek and the Daily Beast would not become one brand. He also said that the Daily Beast had become a “must read” for a lot of people, which went unquestioned.
• HuffingtonPost editor Saul Hansell defended the Huffington Post’s repackaging of Times content, then suggested that news organizations should serve their audiences, “not some J-school professor’s abstractions” (oh snap!). He also compared Patch, AOL’s hyper-local news service, to “building a railroad 150 years ago.”
• Gawker editor Remy Stern said Facebook is often Gawker’s strongest circulation tool. Facebook’s Vadim Lavrusik said Facebook had no plans to request money from media organizations for driving their traffic. Carr quipped that journalism doesn't pay so well, and that Twitter doesn't pay at all.