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1:30 PM ET, June 12, 2015

Mediagazer

 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.
RELATED:
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 …
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.
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 …
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.
RELATED:
Twitter Investor Relations:
Dick Costolo to step down as Twitter CEO, will remain on board; Jack Dorsey to become interim CEO effective July 1
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 …
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
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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 More News: 
Carolina Peredo / Journalism in the Americas:
DDoS attacks are a growing digital threat to freedom of expression in Latin America
Roy Greenslade / Guardian:
WorldFixer provides free online service to connect reporters, producers with foreign fixers
Erik Wemple / Washington Post:
Judge orders release of Pentagon records in Jason Leopold FOIA case
 Earlier Picks: 
Jane Elizabeth / American Press Institute:
Q&A with Upworthy's standards chief Matt Savener on the evolution and importance of its fact-checking process
Discussion: @amyoleary and @melissagira
 

 
From Techmeme:

Andy Greenberg / Wired:
Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances

Ben Glickman / Wall Street Journal:
IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024

Bob Van Voris / Bloomberg:
US prosecutors charge two founders of the Samourai Wallet crypto mixing service, saying it facilitated more than $100M in money laundering transactions
 
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