Mediagazer: The Media Equation: Reuters Insider, Like YouTube for Traders (David Carr/New York Times)

11:40 AM ET, May 10, 2010

Top News:

The Media Equation: Reuters Insider, Like YouTube for Traders — For half an hour last Thursday afternoon, CNBC was the most exciting place on television. Watching Erin Burnett and Jim Cramer try not to freak out — they acquitted themselves nicely — while the market tumbled like a drunken rag doll …

Discussion: NewTeeVee, Bloomberg, Media Decoder, Beet.TV and NetNewsCheck Latest

Russell Adams / Wall Street Journal:

Thomson Reuters to Add Videos — Thomson Reuters Corp. this week will launch a financial video service, the latest of a growing number of news organizations aggressively adding Web-based programming to fill needs they say are unmet by cable news. — The product, called Reuters Insider …

Discussion: New York Magazine

Howard Kurtz / Washington Post:

Media Notes: one editor's balancing act on the high wire of modern journalism — Rupert Murdoch insisted that the Wall Street Journal delay publishing the news that he had just fired its top editor. — “Tell them to hold it until we have a signed deal,” Murdoch told a top aide.

Discussion: Romenesko

Andy Plesser / Beet.TV:

How a Young Kara Swisher Got Her Big Break at the Washington Post — Over 25 years ago, a incensed Georgetown undergraduate “railed” on the phone about the sloppy coverage of her college to Assistant Managing Editor Larry Kramer, the paper's metro editor. — She told Kramer that the paper …

Bill Gorman / TVbytheNumbers:

Betty White Scores! Saturday Night Live Sees Best Overnight Ratings In 18 Months — Betty White ratings doubters, look away! Her preliminary 5.1 adults 18-49 rating topped even Sir Charles Barkley's episode that followed the Dallas/Philadelphia NFL Wildcard Game, which was this season's top so far.

Discussion: The Wire, Mediaite, Mashable!, ArtsBeat, The Wrap, New York Magazine, New York Post, MediaMemo and Movieline

Asylum:

An Open Letter to Magazines (From the Internet) — Apparently magazine guys are all hurt at how the super-amazing Internet is f**king DESTROYING them with its awesomeness and unicorns with bacon wings and Selleck Waterfall Sandwiches. And what do they have? Another interview with Jennifer Aniston?

Alex Ben Block / Hollywood Reporter:

Cable industry to talk convergence at confab — Execs set to gather this week at Cable Show in Los Angeles — As the cable TV industry gathers this week in Los Angeles for its annual convention, the theme is convergence with Hollywood and Silicon Valley.

Frédéric Filloux / Monday Note:

Profitable Long Form Journalism — Over the last month, I've been stuffing my iPad with books purchased online, long PDF files and other documents for later reading sessions. I'm waiting for the mind-blowing media applications, they're still in the making. Several prototypes of French newspapers I have seen are quite promising.

Discussion: Editors Weblog

David Kaplan / paidContent:

EW Scripps Classified Declines Slow; Online-Only Ad Revs Soar — Like most newspaper companies, EW Scripps (NYSE: SSP) is seeing a hint of light at the end of the tunnel. Thanks to cost-cutting efforts, the Cincinnati-based company slimmed its net losses to $880,000 ($.02 cents a share …

Discussion: digiday and FishbowlNY

Nikki Finke / Deadline.com:

CNN: Is This China's Harvey Weinstein? — Meet Wang Zhongjun, China's 50-year old film and television mogul, 1/2 of Huayi Brothers Media which he founded with his youngest brother Wang Zhonglei in 1994. (Ergo, CNN's Harvey Weinstein comparison.) Originally doing advertising commissions …

mUmBRELLA:

Google changes mean brands need to increase focus on content — Last week saw major changes in the way Google looks, and in the results it produces. In this guest posting, Andrew Hughes argues that Australians brands will miss major opportunities if they do not make use of the new tools it offers

Peter Preston / Guardian:

Will Lewis fell into the gap between Euston and Victoria — Here's an exit beyond any prediction. One minute Will Lewis is journalist of the year, editor-in-chief of the newspaper of the year and acclaimed for the (MPs' expenses) scoop of the decade. Next minute - so suddenly …

Ben Fritz / Company Town:

First look: ‘Iron Man 2’ soars with $134-million opening — Hollywood kicked off its most important time of the year, summer-event movie season, with an explosive start for “Iron Man 2,” which sold an estimated $133.6 million worth of tickets in the U.S. and Canada.

Discussion: Gawker, The Daily Beast, /Film, The Wire, Speakeasy, The Wrap and Daggle

Marc Parry / Chronicle of Higher Education:

Library of Congress, Facing Privacy Concerns, Clarifies Twitter Archive Plan — If you don't want that tipsy 3 a.m. Twitter post preserved for posterity, then start deleting. Now. — Faced with privacy concerns, the Library of Congress is clarifying its plans to archive …