Top quotes from the Media Summit

NEW YORK (Reuters) - Here are some of the top quotes from executives attending the Reuters Media Summit in New York this week:

RINO SCANZONI, CHIEF INVESTMENT OFFICER OF NORTH AMERICA,

GROUPM, A UNIT OF WPP GROUP PLC (WPP.L: Quote, Profile, Research, Stock Buzz)

"There is a misnomer that new media is cannibalizing old media. It's not. What people are doing with new media is they are just consuming more."

DAVID SANDERSON, HEAD OF GLOBAL MEDIA PRACTICE, BAIN & CO

"It's true that people are spending time watching YouTube videos, but the amount of time they're spending on YouTube videos relative to TV is, I think our calculations were 0.01 percent today. It's almost negligible relative to the time they're spending watching professionally generated television."

JOHN RICCITIELLO, CHIEF EXECUTIVE, ELECTRONIC ARTS INC

(ERTS.O: Quote, Profile, Research, Stock Buzz)

On mergers in the video game industry: "Is it ripe or has it already been picked? I would argue that it's been largely picked."  Continued...