Top News:
Sarah Lyall / New York Times:
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, Guardian, @sarahlyall, @jacobwe, @jonathanmahler, @jotted, Poynter, @nytimesworld, @dabeard, Wall Street Journal and Washington Post
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James Warren / Poynter:
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, C21Media, Variety, Vox, Forbes, @davidfolkenflik, Mashable, Washington Post and Re/code
Edmund Lee / Re/code:
James Murdoch Is an Old School Media Executive, So Don't Expect Big Changes at His Dad's Empire — James Murdoch finally won. — Rupert Murdoch, his father and everyone's favorite media baron, agreed to hand over the CEO title at his company, 21st Century Fox, to his 42-year-old son, pending board approval.
Discussion:
Forbes, Broadcasting & Cable and New York Magazine
Brian Stelter / CNNMoney:
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, Variety, The Wrap, Fortune, Vanity Fair, USA Today, The Huffington Post and Globe and Mail
Peter Sterne / Capital New York:
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.
Farhad Manjoo / New York Times:
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, VentureBeat, Medium, Bloomberg View, PandoDaily, Vox, Business Insider, The New York Observer, Bloomberg Business, Re/code, @brianstelter, @martinbeck, @vivian, @fmanjoo, The Atlantic, MediaNama, @richarddeitsch, Eamonn Fitzgerald's Rainy Day, Guardian, Wall Street Journal, VatorNews and Variety
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Twitter Investor Relations:
Dick Costolo to step down as Twitter CEO, will remain on board; Jack Dorsey to become interim CEO effective July 1
Discussion:
@dickc, The Wrap, Net Worked, Re/code, Re/code, New York Times, TechCrunch, CNBC, Reuters, Fortune, Forbes, Tech Trader Daily, Reynolds Center, The Verge, Fortune, The Verge, Business Insider, Globe and Mail, @twitter, Daring Fireball, @twitterir, The Huffington Post, Adweek, AppleInsider, The Next Web, Fusion, SocialTimes, Telegraph, VentureBeat, Reuters, Business Insider, SlashGear, VatorNews, GeekWire, NPR, Cablefax and The Week
Lara O'Reilly / Business Insider:
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.
Natasha Lomas / TechCrunch:
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, Wall Street Journal, Reuters, VentureBeat, BBC, Bloomberg Business, Reuters, Politico, The Next Web, Engadget, New York Times and SlashGear
Romain Dillet / TechCrunch:
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
Mike Shields / Wall Street Journal:
Ad Tech Firms Find Venture Capital Funding Is Running Dry — It's a tough time to be raising money if you have the words “ad” and “tech” close together in your business plan. — Executives in the advertising technology sector and venture capitalists who are versed in the space say the climate …
Discussion:
@ganeumann and AdExchanger
BBC:
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”.
Keith J. Kelly / New York Post:
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.
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