Media consumers who are overwhelmed by multitudinous news content demand a system that would sift through tens or hundreds of broadcast TV channels on a daily basis to capture the most important clips that match users' interests and deliver these personalized clips for easy viewing on a typical TV or home PC. In this paper, we present a personal media alert system that extracts video segments for the interested users. In addition, alerts with pointers to content stored on the home server can be sent to mobile users who are authorized to access the content at home. To make content sharing feasible and scalable, we also propose a P2P payment scheme that would allow a consumer to have access to media clips aggregated on other consumers' personal media systems.