The big question for anyone in television is how to get in front of - rather than be trampled by - the onslaught of seminal change coming from a multitude of places. This year's fall television season unfolds against consumer indifference as to where they access network fare.

In one swoop last week, Facebook made itself digital media's de facto location-based platform by launching its new Places feature in partnership with -- and maybe at the expense of -- FourSquare, Booyha and Gowalla, all burgeoning players in the space.

Walt Disney's latest quarterly earnings may be the best among its big media peers, but there are moves it should make if it wants to turn its recovery into a growth story -- even as poor and uncertain economic conditions prevail.

Valuing disrupted media is a sobering and challenging task that will continue complicating mergers and acquisitions for years, even in a recovering economy.