• by Joe Mandese  @mp_joemandese, March 17, 2008

MediaPost Publisher Ken Fadner got things off on a worrisome note this morning invoking the “r” word.

“We had a bank fail over the weekend,” Fadner started things off with, suggesting that macro economics might be relevant to the online industry’s micro economy.

“How could that possibly affect us,” Fadner said referring to the failure of Wall Street’s Bear Sterns firm (which coincidentally was acquired by JPMorgan for $2 share, following a government bail-out).

“Online advertising is growing 25% a year. Our business is getting strong. But it seems to be getting serious out there,” Fadner forewarned, adding, “We don’t have any sessions specifically programmed to deal with this… We are entering unchartered waters.”