http://www.beet.tv/2009/08/msnbccom-chief-says-video-transcripts-makes-editing-scalable.html
REDMOND, WA--The transcription of the voice track of video has proven to be a big value by making video more searchable. Now, it is making video editing more effective and scalable, explains Charles Tillinghast, President and Publisher of msnbc.com. A number of technologies are being used by msnbc.com to automatically transcribe and organize raw video and create associated transcripts as part of the production flow.
Andy Plesser, Managing Editor