As opposed to my somewhat incoherent note taking, Paul from Mediageek has posted a good summary and analysis of the media democracy panel.
From the post:
"All of the panelists directly addressed the challenges of making media that is responsive and accountable to communities, activists and organizers. There was critical discussion about the relationship of more radically grassroots projects to Indymedia as well as the liberal/progressive mainstream media that is primarily published by and for white middle-class progressives."
And Brownfemipower has a series of good observations of the AMC on her Woman of Color blog.