An aside: It's started already...

Yesterday I met up with a former sell-side analyst now in the telco investor relations business. At one point, when we were discussing telco content distribution strategies he said, "Just wait, six months down the road, we're going to see the telcos start to buy up media assets." I agreed, but it looks like we may not have to wait nearly that long...

http://www.swisscom.com/GHQ/content/Media/Medienmitteilungen/2004/20040924_01_Cinetrade_Gruppe.htm