Mediagazer: Elaine's to Close — Six months after the death of its legendary … (James Barron/City Room)

2:38 AM ET, May 18, 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 of Journalism, Thanks:mathewi

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: On Media's Blog, New York Magazine, The Wire and FishbowlNY

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: LA Observed and The Wire

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

James Barron / City Room:

Elaine's to Close — Six months after the death of its legendary proprietor, Elaine's restaurant will close its doors next week. — On Tuesday, Elaine's longtime manager, who inherited the restaurant from Elaine Kaufman, said that the business was no longer viable. She said that Elaine's last night would be May 26.

Discussion: Movieline, The Book Bench and Gothamist

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

Joe Pompeo / Yahoo! News:
Tina Brown: Newsweek Daily Beast Co. will be profitable in ‘two to three years’

Discussion: Future of Journalism, The Wire, FishbowlNY, Editors Weblog and Adweek

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

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.

Discussion: Nieman Journalism Lab

Sarah Perez / ReadWriteWeb:

Slacker vs. Rdio vs. MOG: Which Streaming Music Service is Worth Your $10/Month? — Slacker Radio, an Internet radio service similar to streaming music giant Pandora, has just introduced a new tier to its subscription service: a $9.99 per month Premium version which offers music on-demand.

Discussion: VentureBeat, Techland, ZDNet and CrackBerry.com blogs

INMA:

Satisfied with paid content strategy, Sulzberger turns bullish on social media — As the newsmedia industry fights to retain relevance in the digital age, many companies look to The New York Times as a bellwether for media trends. In an exclusive question-and-answer session during INMA World Congress 2011 …

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: The Longest Week, AdPulp, Poynter, Editors Weblog, eMedia Vitals and The Huffington Post

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 …