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Dick Costolo says Twitter is a reinvention of the town square — but with TV

Twitter chief executive Dick Costolo gave a lecture earlier this week at his alma mater — the University of Michigan — where he talked to students from the Ford School of Public Policy about how the real-time information network has changed the nature of communication and media in the 21st century. Costolo spoke a lot about how Twitter has levelled the playing field for celebrities, many of whom can now talk directly to their fans without having to go through a media outlet or other intermediary, but he also talked about Twitter’s relationship with existing media, and it was clear from his speech that he sees it as being a very symbiotic one — especially when it comes to broadcast television.

Gigaom

Twitter chief executive Dick Costolo gave a lecture earlier this week at his alma mater — the University of Michigan — where he talked to a crowd at the Ford School of Public Policy about how the real-time information network has changed the nature of communication and media in the 21st century. Costolo spoke a lot about how Twitter has leveled the playing field for celebrities, many of whom can now talk directly to their fans without having to go through a media outlet or other intermediary, but he also talked about Twitter’s relationship with existing media, and it was clear from his speech that he sees it as being a very symbiotic one — especially when it comes to broadcast television.

Much of the coverage of Costolo’s talk has focused on the numbers he provided during the speech, including the fact that Twitter now handles more than one…

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