Caching techniques for streaming media

A streaming media caching mechanism and cache manager efficiently establish and maintain the contents of a streaming media cache for use in serving streaming media requests from cache rather than from an original data source when appropriate. The cost of caching is incurred only when the benefits of caching are likely to be experienced. The caching mechanism and cache manager evaluate the request count for each requested URL to determine whether the URL represents a cache candidate, and further analyze the URL request rate to determine whether the content associated with the URL will be cached. In an embodiment, the streaming media cache is maintained with a predetermined amount of reserve capacity rather than being filled to capacity whenever possible.