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the only problem with that is that you will limit the output to 16/44 (which may not be a problem at all).
if you want something more than 16/44, you'll have to use exclusive access and only operate one application at a time. i've found you have to literally close one program and open the other program to have a smooth transition.
Choose WASAPI - Event Style and disable the "Open device for exclusive access".
I have sound from both JRiver and Youtube as I'm writing this
the only problem with that is that you will limit the output to 16/44 (which may not be a problem at all).
if you want something more than 16/44, you'll have to use exclusive access and only operate one application at a time. i've found you have to literally close one program and open the other program to have a smooth transition.