A somewhat interesting overview from Reuters' Devin Wenig on the company's approach with the Web, but it's a very aggressive crowd that was looking for a sense of the semantic Web approach and less about the recent strategy.
When he asked a questioner if she had heard of Web 2.0, an audible deflation of the room ensued.
But his ideas had a logic to them: media need a local focus, need to get more analytical, and need to find new storytelling methods. Aggregators will be new distribution points. As for whether there will be enough advertising around to fuel the media after transition, "there may not well be."
Trouble was, that's probably what a conference like this heard two years back.