FishbowlLA’s Matthew Fleischer spent his Tuesday at the 2012 TV Summit put on by Variety and the Academy of Television Arts & Sciences Foundation. The event included Hollywood bigs talking about the present and future of TV … which won’t always be on TV. Some of his takeaway:

• “We call ourselves the ‘fifth network.’ We’re TV on steroids.” – Yahoo! VP Erin McPherson

• “I do not have CNN’s budget, let’s get that out of the way. But we feel that people are beyond being talked to, they want to be talked with. ” – AOL Studios’ Gabriel Lewis on HuffPost Streaming Network.

• “We’re not dependent on any one show. That’s the place we are and we need to be to be successful.” – HBO’s Michael Lombardo on the cancellation of “Luck”

• “Shitty TV is not must see.” – 20th Television chairman Dana Walden on NBC.