Mediagazer: The Daily Beast/Newsweek Profitable in 2-3 Years? Hmmm. (Jeff Bercovici/Mixed Media)

10:15 PM ET, May 17, 2011

Top News:

Mathew Ingram / GigaOM:

What Journalism Is Like Now: Working With 2,000 Sources — We've written many times at GigaOM about how the media industry is being disrupted, and how that is being caused in part by the “democratization of distribution” that social-media tools such as Twitter and Facebook allow.

Discussion: Future Journalism Project, Future of Journalism and BBC College of Journalism Blog, Thanks:mathewi

Joe Pompeo / Yahoo! News:

Tina Brown: Newsweek Daily Beast Co. will be profitable in ‘two to three years’ — There was a moment during the chattery outset of Monday night's New York Deadline Club Awards dinner when Newsweek Daily Beast Company editor-in-chief Tina Brown appeared to be lost in thought.

Discussion: The Wire, FishbowlNY, Editors Weblog and Adweek

Jeff Bercovici / Mixed Media:

The Daily Beast/Newsweek Profitable in 2-3 Years? Hmmm. — Tina Brown says the merged entity comprising the Daily Beast and Newsweek is set to be profitable two to three years from now. — That sounds pretty good — until you consider that, last October, Daily Beast executives were telling …

Discussion: Media & Entertainment and Runnin' Scared

Wall Street Journal:

French Watchdog Reins In Media Coverage of IMF Chief — PARIS—France's broadcasting watchdog called Tuesday on the country's television channels to be extremely cautious in showing footage of International Monetary Fund managing director Dominique Strauss-Kahn in handcuffs, a practice that contravenes French law.

Discussion: New York Times, Gothamist, New York Magazine and The Atlantic Wire

ProPublica:

Schwarzenegger and DSK: When Powerful Men Cross Lines — The week's news about the sexual conduct of politically powerful men gives me a queasy feeling of déjà vu. — As the French agonize over whether Dominique Strauss-Kahn's star power quashed past allegations, I can respond cynically: Yes, that probably happened.

Discussion: The Wire

Charles V. Bagli / New York Times:

Condé Nast Will Be Anchor of 1 World Trade Center — Condé Nast Publications, whose stable of magazines chronicles the American zeitgeist as meticulously as any anthropologist, has reached an agreement to lease one million square feet at 1 World Trade Center …

Discussion: New York Magazine, FishbowlNY and The Wire

virtualeconomics:

A citizen journalism model that really breaks news? — London-based citizen journalism start-up Blottr, which destealthed towards the end of February with a Techrunch write-up and recently announced a round of angel funding, led the news agenda for much of Monday by breaking the day's major UK news story.

Discussion: Future of Journalism

Will Bunch / Philly.com:

How Drudge “stays on top”? Pandering on race, right-wing paranoia — It's been a noteworthy springtime for news here in my hometown of Philadelphia — a mayoral election, a fast start for the Phillies while the Flyers imploded in the NHL playoffs, the gruesome murder of a 9-year-old girl.

Discussion: Poynter, AdPulp, The Longest Week, Editors Weblog, eMedia Vitals and Future of Journalism

Justin Ellis / Nieman Journalism Lab:

How Conor Friedersdorf created a magazine-club experience through his “Best of Journalism” list — Several years ago, when Conor Friedersdorf was working at the startup (and soon-to-be-departed) web magazine Culture 11, he and a few friends would gather regularly at Kramerbooks near Dupont Circle …

Peter Kafka / MediaMemo:

Web Ad Pioneer Dave Morgan Adapts Simulmedia To TV's Reality — The TV networks are spending the week telling advertisers to keep buying TV ads. — Great idea, says Dave Morgan. — If you pay attention to Web advertising but haven't kept track of Morgan recently, his position might strike …

Joe Mullin / paidContent:

Righthaven Target Hits Back With Class Action Counter-Attack — Copyright enforcer Righthaven is on the ropes in its home state of Nevada, where defense lawyers are attacking its agreement with the Las Vegas Review-Journal, saying the flawed agreement doesn't give Righthaven the right to sue.

MG Siegler / TechCrunch:

Eventually, One Of These Updates Will Make Google News Not Suck At Tech News, Right? — For as long as I can remember, there has been one constant in tech news: Google News sucks at it. — Now, that's not entirely fair since Google News doesn't actually provide any of their own content.

Discussion: @gillianmae, GigaOM, @zseward, @zseward, Techland, Beyond Search, Softpedia News, L.A. Times Tech Blog and Google News Blog

Erick Schonfeld / TechCrunch:

With 1 Billion Views Per Quarter, Blip.tv Becomes A Video Destination (Interview) — Blip.tv started five years ago with a focus on helping budding video producers manage and distribute their shows across the Web. Slowly but surely, though, it's become a video destination in its own right …

Discussion: AdAge, the blip.tv blog, Bits, PC Magazine, SAI, GigaOM, Mashable!, Marketing Pilgrim, Techland, Betabeat and MediaPost

Mike Shields / DIGIDAY:DAILY:

Nick Denton Stands Firm — Nick Denton knows most people in media view his remake of his stable of Gawker Media sites three months ago as an unmitigated disaster. He just thinks they're wrong. — The stubborn founder of Gawker Media says that after some early hiccups with the company's

Discussion: SAI, FishbowlNY and NYConvergence.com