Mediagazer: Jimmy Savile: BBC Director General says ‘I will hold an inquiry’ (Jennifer O'Mahony/Telegraph)

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: Betabeat, SiliconBeat, DealBook, Business Insider, The Wall Blog, TechCrunch, Mashable!, GigaOM, @owenthomas and @pkafka

Maria Golovnina / Reuters:

Britain's BBC apologizes over sex abuse scandal — (Reuters) - Britain's BBC on Monday apologized to a group of women who allege that one of the state-funded broadcaster's top entertainers sexually abused them decades ago, a scandal that has raised questions about the BBC's judgment then and now.

Jennifer O'Mahony / Telegraph:

Jimmy Savile: BBC Director General says ‘I will hold an inquiry’ — George Entwistle, the BBC Director-General, has confirmed the corporation will hold an internal inquiry into the Jimmy Savile abuse allegations and a toxic culture of impunity among presenters during the 1970s and 1980s.

Discussion: PressGazette and Guardian

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

Keach Hagey / Wall Street Journal:

BuzzFeed Embraces Sponsored Content to Tap Social-Media Sharing — BuzzFeed Site Relies on Sponsored Content Shared by Visitors on Social Media — Last April, the BuzzFeed website posted “11 Things No One Wants To See You Instagram,” a snarky reminder to resist the temptation to share online photos of your lunch or toes.

Discussion: eMedia Vitals

Megan Garber / The Atlantic Online:

The Newest Factchecker: Reddit — Insight into a community as it tries to create something for the civic good. — Factchecking has become a cottage industry, a common — and expected — accompaniment to political events as they play out in real time. News organizations now have factchecking arms …

Discussion: Media Myth Alert

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.

David Kravets / Wired:

Google Says It Won't ‘Manually’ Review YouTube Vids for Infringement — Google-owned YouTube on Thursday corrected a statement it made the day before, and now says the company will not manually review copyright-infringement claims before its system automatically blocks disputed footage.

Peter Kafka / AllThingsD:

YouTube, Which Wants More TV Dollars, Pays Up for More “Channels” — YouTube is ramping up its channel experiment. — Google is funding a new batch of video-makers to join the 100 it launched in the last year. And it's making an international push, by adding content for the U.K., German and French versions of the site.

Discussion: Fast Company, youtube-global.blogspot.ca, paidContent, New York Times, Media News, TechCrunch, Mashable! and The Verge

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.

Discussion: NetNewsCheck Latest

Robert Booth / Guardian:

Julian Assange supporters ordered to forfeit £93,500 bail money — Julian Assange's supporters have been ordered to forfeit £93,500 in bail money after the WikiLeaks founder sought political asylum in the Ecuadorean embassy in London. A court ruled on Monday that the payments must …

Brian Stelter / New York Times:

Still a Conservative Provocateur, Carlson Angles for Clicks, Not Fights — A week ago, Tucker Carlson cued up a video of President Obama that had been sent to him by a source. The video, recorded in 2007 when Mr. Obama was a presidential candidate, showed him speaking to a black audience about …