Clear Channel last month launched ‘the largest online radio advertising network ever’ with their sales subsidiary Katz Media. Nearest competitor CBS Radio has been working on a similar online push through New York-based startup TargetSpot.

Independent ad agency Woods Witt Dealy & Sons invited the ‘outcasts, exiles and undesirables’ of the New York ad world to Cha-Cha’s on Coney Island for a Wrath of Cannes party. VirtualDrinkingBuddy took home the Grand Coney.

CBS chief Les Moonves explained this morning at the Media Summit why he’s not joining Hulu - for now.

‘We did have an opportunity to go with Hulu,’ Moonves said. ‘We think it’s a terrific idea. We think we can accomplish the same thing by ourselves at better economic terms for us.’

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A revealing exchange last week at the TV & Everything Video Forum of the Association of National Advertisers (ANA). Kim Kadlec, Johnson & Johnson’s VP Worldwide Media, was asked how television can reach younger viewers who did not grow up on tv as their main source of entertainment.

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The four panel discussions at VideoEgg’s Engagement Debate made for a pleasant, sleepy Wednesday afternoon. The gathered digital execs generally agreed. Variations of the same messages were endlessly repeated.

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Jay-Z has launched an ad agency with former Interscope exec Steve Stoute and Interpublic, but apparently forgot to register the domain name. Translation Advertising now points to the site of producer/remixer Manny Faces.

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Mediamath has put the flashy first glimpse of their new site online to coincide with the Ad:Tech Awards. The advertising optimization company is also sponsoring next week’s Engagement Debate here in New York.

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