I was on a panel on Wednesday to talk about the future of media sponsored by one of my favorite daily reads, I Want Media. The pleasantries lasted for about 20 minutes. Then we ducked to avoid the impromptu firefight between The New York Times’s David Carr and Vanity Fair’s Michael Wolff.

Just a short sample from Wolff: “The New York Times. It’s very likely something really dramatic and potentially terrible and certainly historic is going to happen in a very short period of time. Its business is in substantial trouble.”

At one point, Carr brought an expletive to the table as part of the back-and-forth. It was that kind of fun.

The other thing I learned: Bring a new product to hawk.TechCrunch’s Erick Schonfeld broke news about launching a new video site, “Elevator Pitches,” where entrepreneurs can submit videos of their company and be rated by viewers. Wolff discussed his biography of News Corp’s Rupert Murdoch and Newser, his site which summarizes news stories from around the Web.

We also discovered that Newsweek is now tapping its summer interns for ideas on how to change the company. It’s either clever or desperate… or both.