Top News:


James Murdoch's resurrection in US after scandal in UK is complete, now considered a great strategist with extraordinary long-term vision — Once Down, James Murdoch Is Guided Back to the Top — It would be hard to overstate how bad James Murdoch's reputation was in London when he left town some three and a half years ago.
Discussion:
Wall Street Journal, Poynter, @jacobwe, @jonathanmahler, @jotted, Wall Street Journal, @nytimesworld, @dabeard and Washington Post
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Q&A with David Folkenflik, author of Murdoch's World, on what happens next with Murdoch empire — The power shift in the Murdoch Empire: What it really means — What does the transition in power at 21st Century Fox actually mean? — What might happen to the newspapers Rupert Murdoch loves …
Discussion:
The Week, Variety, Vox, @davidfolkenflik, Forbes, Mashable, Washington Post, CNNMoney and Re/code


Fox News' Chairman Roger Ailes untouched in Murdoch shuffle — Within 21st Century Fox, how important is Fox News and how unique is Roger Ailes? — So important, so unique that Ailes will continue to report to Rupert Murdoch, even as the 84-year-old media mogul's sons James and Lachlan …
Discussion:
The Wrap, The Wrap, Fortune, Variety, Vanity Fair, USA Today, Globe and Mail and The Huffington Post


Gawker faces skeptical judge and jury in Hulk Hogan's Fla. hometown, as $100M sex-tape lawsuit that could have dire financial consequences goes to court July 6 — Gawker in the fight of its life with Hulk Hogan sex-tape suit — Nick Denton is preparing for the biggest fight of his life.
Discussion:
Nick Denton, @coreypein, @alexburnsnyt, @pkafka, @nicknotned, @sherman4949, @mathewi, @sfiegerman, @jyarow, @felixsalmon, Business Insider and The Week

Twitter should focus on live news and events, using human editors to create curated feeds — For Twitter, Future Means Here and Now — Here, in 140 characters or less, is some free advice for Twitter's next chief executive: Focus on live events. … That may sound a bit simplistic.
Discussion:
Fortune, Mashable, Medium, The New York Observer, PandoDaily, Vox, Business Insider, Bloomberg View, Bloomberg Business, Re/code, MediaNama, @brianstelter, @richarddeitsch, @martinbeck, @vivian, @fmanjoo, The Atlantic, Guardian, Wall Street Journal, VatorNews, Eamonn Fitzgerald's Rainy Day, Variety and Adweek
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Dick Costolo to step down as Twitter CEO, will remain on board; Jack Dorsey to become interim CEO effective July 1 — Twitter Initiates CEO Transition — Dick Costolo to Step Down as CEO on July 1 and Continue on Board of Directors Co-Founder and Chairman Jack Dorsey to Become Interim CEO …
Discussion:
@dickc, Re/code, Re/code, New York Times, Forbes, Reynolds Center, CNBC, Reuters, TechCrunch, Fortune, The Verge, Business Insider, The Verge, Fortune, @twitter, Daring Fireball, The Huffington Post, Globe and Mail, @twitterir, The Next Web, Adweek, AppleInsider, VatorNews, Fusion, GeekWire, SocialTimes, SlashGear, Telegraph, VentureBeat, Reuters, Business Insider, The Wrap, NPR, The Week and Cablefax


Video ad tech company TubeMogul raises $82.9M in secondary market offering — TubeMogul CEO on $83 million raise: The ad tech market may be hurting, but we're not — Video ad tech company TubeMogul has just raised $82.9 million in a secondary market offering. — Its stock is currently trading down around 6% on the news.
Discussion:
Wall Street Journal and AdExchanger


Greece's state broadcaster ERT back on air after two years — Greece's state broadcaster ERT went back on air on Thursday, two years after being closed down under austerity measures. — The radio and television channels shut in June 2013 after the then-government called it “a haven of waste”.


8tracks Closes $2.5 Million Debt Line, Signs More Direct Licensing Deals With Music Labels — Music streaming service 8tracks has been profitable since 2012, but wants to move faster. For its new round of funding, the company chose to secure a $2.5 million debt financing from Silicon Valley Bank.
Discussion:
VentureBeat and Billboard


Consumer Reports makes new hires to strengthen digital focus and closes two smaller print properties, ShopSmart and Money Adviser — Consumer Reports kills magazine, sparks labor dispute — Consumer Reports is pulling the plug on its 9-year-old ShopSmart magazine.
Discussion:
Folio


French privacy watchdog demands Google make right to be forgotten delistings global, gives 15 days to comply — Google Must Expand Privacy Delistings, Says French Watchdog — The French data protection watchdog has ordered Google to widen its implementation of the so-called European 'right …
Discussion:
RSS CNIL, VentureBeat, Reuters, BBC, Bloomberg Business, Reuters, Politico, New York Times, Wall Street Journal, The Next Web and Engadget

Winners announced for Mirror Awards honoring excellence in media industry reporting — Winners of Mirror Awards announced today — Winners of the 2015 Mirror Awards were announced on Thursday. The awards are hosted by Syracuse University's S.I. Newhouse School of Public Communications.
Discussion:
mirrorawards.syr.edu, @jacquelinejg, @condenast, @annargriff, @mirrorawards and nieman.harvard.edu