Pretty cool video, hopefully noone was hurt.
It looks like a classic rotational slope failure. Just from the pics in the 2nd link you can see the outrigger blocking is tilted back where it failed. The pics also show some large cracks in the trees below the crane, which looks like the toe of the failure. If you watch the video carefully ignoring the concrete beam and crane as it falls, you'll see a movement as the trees and toe of the slope shifts into the river.
It was a pretty good sized slope failure. Considering how much of a bulge the toe created, I'm guessing there was a good amount of structural fill built up the bank. Good structural fill over pudding.