Mediagazer: Rupert Murdoch to step down as CEO of 21st Century Fox, will remain executive chairman; Lachlan Murdoch to become executive co-chairman, James Murdoch to be CEO (David Faber/CNBC)

3:50 PM ET, June 11, 2015

Top News:

David Faber / CNBC:

Rupert Murdoch to step down as CEO of 21st Century Fox, will remain executive chairman; Lachlan Murdoch to become executive co-chairman, James Murdoch to be CEO — Rupert Murdoch preparing to step down as CEO from 21st Century Fox — Rupert Murdoch, the 84-year old CEO and controlling shareholder …

Discussion: New York Times, CNNMoney, The Wrap, Press Gazette, Fox News, Variety, Broadcasting & Cable, Forbes, USA Today, Digital Spy, CBS News, NPR, TVNewser, Poynter, The Independent, Reuters, Mashable, Gawker, Newser, Media & Entertainment, WWD, Bloomberg Business, Vanity Fair, E&, Christian Science Monitor, Media Wire Daily, Vox, Vanity Fair, CNNMoney, BBC, Wall Street Journal, City A.M., Telegraph, Washington Post, Politico, The New York Observer, Deadline, Guardian, Fortune, Vox, Variety, The Huffington Post, USA Today, FishbowlNY, Mediaite, Los Angeles Times, New York Magazine, TIME, London Evening Standard, Financial Times, Washington Times, Salon, Metro.co.uk, Hollywood Reporter, Quartz, Globe and Mail, Talking Points Memo, The Independent, Business Insider, @janinegibson, @yousefmunayyer, @edmundlee, @reutersbiz, campaignlive.co.uk, @peterlattman, The Week, @bobbymacreports, Hollywood Life, @miriamelder, @bobbymacreports, @amychozick, @davidfolkenflik, @pkafka, @alexgspence, @learmonth, @howardkurtz, The Daily Beast, @amychozick, Inside Cable News and FTVLive

Tom Kludt / CNNMoney:

Al Jazeera America's former SVP of programming and documentaries, Shannon High-Bassalik, files suit alleging discrimination, retaliation, editorial interference — Al Jazeera America abandoned ‘journalistic objectivity,’ new suit claims — A fired Al Jazeera America executive filed …

Discussion: Inside Cable News

EU Press Room:

Antitrust: Commission opens formal investigation into Amazon's e-book distribution arrangements — The European Commission has opened a formal antitrust investigation into certain business practices by Amazon in the distribution of electronic books ("e-books").

Discussion: Publishers Weekly, GalleyCat, Digital Book World, GeekWire, VentureBeat, PCWorld, The Verge, The Next Web, Engadget, @sarahw, Ink, Bits, & Pixels, TechCrunch, SlashGear and Tech.eu

Michael Sebastian / AdAge:

Media companies avoid “advertising” when labeling native ads, favor “sponsored”, “promoted” — Media Brands Shy Away From the A-Word, When It Comes to Labeling Native Ads — An Analysis of Two Dozen Companies Found A Variety of Terms Is Used

Discussion: Consumerist and @petersontee

Mark Sweney / Guardian:

Wall Street Journal to relaunch European and Asian editions as global weekday broadsheet in September — Wall Street Journal to revamp European and Asian editions in broadsheet format — News Corp-owned paper to relaunch foreign versions in September after going compact a decade ago

Discussion: Capital New York, FishbowlNY, Dow Jones, Poynter, WWD, Business Standard, The Standard, Politico and Wall Street Journal

Brett Zongker / Associated Press:

CEO Jarl Mohn says NPR is set to break even for the first time in six years, podcast revenue up 200% since 2013 — NPR chief says network positioned for growth after struggles — 4 photos — WASHINGTON (AP) — After years of leadership changes and funding deficits …

Discussion: @dcartbeat

Jane Elizabeth / American Press Institute:

Q&A with Upworthy's standards chief Matt Savener on the evolution and importance of its fact-checking process — What happens when a curation site emphasizes fact-checking? 5 good questions with Matt Savener of Upworthy — Upworthy defines itself as a curation site for “compelling …

Discussion: @amyoleary and @melissagira

Shaun Walker / Guardian:

Azerbaijan bans Guardian from reporting on Baku European Games — The government of Azerbaijan has banned the Guardian, along with a number of media outlets and human rights activists, from entering the country to cover the inaugural European Games which begin on Friday.

Discussion: @icijorg

Jason Burke / Guardian:

Saudi blogger Raif Badawi may receive second set of lashes on Friday — Sentenced to 1,000 lashes for insulting Islam, Badawi received first 50 in January but subsequent rounds were postponed — A Saudi Arabian blogger sentenced to 1,000 lashes may be flogged for a second time on Friday, campaigners fear.

Discussion: Agence France-Presse, International Business Times, hrw.org/rss/news, VICE News and Featured Articles

Peter Kafka / Re/code:

CEO Virasb Vahidi leaves Otter Media, AT&T and Chernin Group's joint venture for web video, including Fullscreen and Crunchyroll — CEO of AT&T, Chernin's Web Video Joint Venture Leaves — The CEO of Otter Media, the Web video joint venture between AT&T and The Chernin Group, is leaving after less than a year on the job.

Discussion: Hollywood Reporter, Multichannel News and Variety

Joshua Hunt / Reuters:

Messaging firm Line launches streaming service in Japan, Line Music, with 1.5M songs initially, unlimited access for 1,000 yen/month, 20 hours for 500 yen/month — Japan messaging app Line launches music streaming business — Messaging app operator Line Corp launched its music streaming service …

Discussion: The Verge, The Next Web, SlashGear, TechCrunch, The FADER and FACT Magazine

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