Mediagazer: Will Obama Ramp Up Media Hits Post-Debate? (Michael Calderone/The Huffington Post)

Dick Costolo of Twitter, an Improv Master Writing Its Script — WELCOME to the Dick Costolo Show. — The audience, le beau monde of cinema, has gathered at the Debussy Theater on this unseasonably cool May morning on the French Riviera. The event, officially the opening of the 2012 Cannes Film Festival …

Discussion: SiliconBeat, TechCrunch, GigaOM, @owenthomas and @pkafka

Katie Glueck / Politico:

ICE decides not to detain Jose Antonio Vargas — Jose Antonio Vargas, the writer and activist who went public last year with his status as an undocumented immigrant, was arrested for a driving infraction in Minnesota on Friday, but federal immigration authorities elected not to detain …

Discussion: New York Magazine

Beth Hawkins / Minn Post:

Reporter who wrote about life as undocumented immigrant arrested in Minnesota — New York Times reporter Jose Vargas was arrested Friday morning by Minneapolis-St. Paul Airport Police and charged with driving without a valid driver's license, a misdemeanor.

Discussion: Poynter, Big News Network.com and The Raw Story

Romain Dillet / TechCrunch:

French Music Startup Deezer Gets $130M Fourth Round, Led By Warner Music Group's Owner Access Industries — In France, it is the biggest startup funding round ever. Warner Music Group's owner Access Industries and previous investor Idinvest are investing €100 million ($130 Million) into music streaming startup Deezer.

Discussion: paidContent, The Next Web, hypebot and AllThingsD

Michael Calderone / The Huffington Post:

Will Obama Ramp Up Media Hits Post-Debate? — NEW YORK — Shortly after Wednesday night's presidential debate, conservative media figures began claiming that President Barack Obama's listless performance, in the face of questions from Republican challenger Mitt Romney, proves that the press …

Discussion: Media Myth Alert, Politico and Chickaboomer

Peter Kafka / AllThingsD:

How to Build “Entertainment Tonight” for YouTube: Young Hollywood Learns on the Job — Just about a year ago, YouTube launched its “channels” plan, where it handed out millions to dozens of video creators in the hopes of making the site more TV-like. — The project is very much an experiment …

Robert Andrews / paidContent:

Could TV's ‘second screen’ be used for even more TV? — Now that it is understood TV viewers are using mobile devices whilst watching shows, many in digital media are using those mobiles to accompany television with alternative-format material, like contextual text information, social discussion, votes and games.

Alan D. Mutter / Editor & Publisher:

Newsosaur: The Inside Scoop On Hiring Outsiders — When former BBC boss Mark Thompson starts work as chief executive of The New York Times Co., he will become the highest-profile example yet of an emerging trend among publishers to hire leaders from outside the newspaper business.

Isabel Kershner / New York Times:

Political and Market Forces Hobble Israel's Pack of Ink-Stained Watchdogs — JERUSALEM — The mainstream newspaper Maariv is on the verge of closing, apparently having lost a fierce 64-year contest against the populist Hebrew tabloid Yediot Aharonot. On Thursday, Haaretz …

Discussion: Guardian

Josh Stearns / MediaShift:

The Case for Unity Among Non-Profit, Community, and Public Media — The radically shifting landscape of media and technology has sparked a renaissance in non-profit and public media in the United States. As a perfect storm of economic and technological changes shakes the foundation of commercial media …

Thanks:@jcstearns

AdAge:

Blockbuster Hits Rewind on Plan to Come Back as a Netflix Rival — Too Hard to Start From Scratch Without New Devices to Help the Pitch — Dish Network Chairman Charlie Ergen is giving up on his plan to turn the once-mighty Blockbuster video-store chain into a Netflix competitor and gadget retailer.

Discussion: CNET, PC Magazine, Radio & Television … and fierceonlinevideo.com

Addy Dugdale / Fast Company:

EMI And ReDigi Duke It Out In Court Over The Resale of MP3s — A New York judge will today hear the opening arguments in the lawsuit between EMI and ReDigi. The music giant is suing the upstart startup, which makes its money flogging people's unwanted MP3s to loving homes, for copyright infringement.

Discussion: BBC

Greg Sandoval / CNET:

Is Spotify's business model broken? — Financial numbers for privately held Spotify have allegedly surfaced and if accurate, the music service is in a world of hurt. — Spotify CEO Daniel Ek — PrivCo., a company that sells data on non-publicly traded companies says it has obtained …

Discussion: PandoDaily, PrivCo, The Next Web, @benparr, Business Insider, Betabeat, hypebot and Mashable!