Mediagazer: Should We Blow Up Reporters' Beats in the Digital Age? (Josh Stearns/MediaShift)

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

Jennifer Saba / Reuters:

Insight: The Lex Factor roils Dow Jones — (Reuters) - He's tearing down walls. He's tossing out old business models. And he's dressing down people, publicly and profanely, in the once-buttoned-down halls of Dow Jones & Co., publisher of the august Wall Street Journal.

Discussion: @mlcalderone

David Pakman / PandoDaily:

Who Holds the Power in Media - Content or Distribution? — On Friday night, Chris Dixon (@cdixon), Jonathan Glick (@jonathanglick), Peter Kafka (@pkafka), Todd Sawicki (@sawickipedia) and I had a conversation on Twitter about media concentration and where the power lies these days.

Discussion: The Next Web and CNET

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

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

David Kravets / Wired:

Google Says It Won't ‘Manually’ Review YouTube Vids for Infringement — YouTube videos playing on the Guggenheim's exterior Photo: NYCphotos-flickr / Flickr — Google-owned YouTube on Thursday corrected a statement it made the day before, and now says the company will not manually review …

Discussion: Techdirt, Electronic Frontier Foundation and WebProNews

Josh Stearns / MediaShift:

Should We Blow Up Reporters' Beats in the Digital Age? — At the Online News Association conference late last month I finally had the chance to talk with Andrew Donohue in more than 140 characters, and we quickly got to discussing his new project. Donohue helped build and lead Voice of San Diego …

Discussion: eMedia Vitals and Journalism.org

Emma Gardner / Lean Back 2.0:

Tablets help usher in the rise of the multi-platform news consumer — Those in media love to make bold predictions about what the future holds for the industry, particularly about what's on its way out and what we should watch out for. First, it was the death of print.

Jeff John Roberts / paidContent:

E-mail sharing is vanishing from the online news world — Have you noticed your inbox contains fewer messages from friends who “thought you would be interested” in a random news article? A new survey shows that this type of news sharing has fallen off a cliff in recent months.

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: The Atlantic Online, Media Myth Alert, Politico and Chickaboomer

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

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.

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 …