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4:20 PM ET, July 2, 2015

Mediagazer

 Top News: 
Kara Bloomgarden-Smoke / The New York Observer:
As expensive trial looms, Gawker releases financials: $6.52M in operating income in 2014 on $44.2M revenue  —  Breaking: This Is How Much Money Gawker Is Making  —  Despite Hulk of a lawsuit, financials show Gawker making money, moves.  —  In advance of the now-postponed trial between Gawker …
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William Turvill / Press Gazette:
NUJ: BBC ‘sensible’ to target management ‘chiefs’ in latest round of job cuts  —  The National Union of Journalists has described the BBC's 1,000 management-targeted cuts as “sensible”, contrasting them with a decade of job losses further down the corporation.
Cynthia Littleton / Variety:
Lifetime launches SVOD service, drawing on archive of movies, will charge $3.99 a month  —  Lifetime Digs Into Original Movie Vault to Launch SVOD Service  —  Lifetime is digging into its library of original movies to launch an SVOD service offering a package of about 30 vintage telepics for $3.99 a month.
Greg Gilman / The Wrap:
Salon Media Editorial Staff to Unionize With Writers Guild of America  —  The editorial department at Salon Media, Inc. is following in Gawker's footsteps by organizing with the Writer's Guild of America, East.  —  Staff writers announced the decision on Thursday with a letter …
Ellen Cushing / BuzzFeed:
On the road with teen social-media stars of DigiTour, estimated to bring in up to $20M in 2015  —  On The Road With The Teen Social-Media Sensations Of DigiTour … Hayes Grier is hungry.  It's well after 9 p.m., after a two-hour show and a long day, and the dinner delivery guy is running late …
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Ingrid Lunden / TechCrunch:
Prince sends takedown requests to Spotify, Rdio, and Deezer  —  Prince Won't Stream 4 U (Unless You're On Tidal, Or Maybe Google Music)  —  Call it the Taylor effect: it looks like another high-profile musician is sharpening his arrows to take aim at how streaming music services pay artists.
Glenn Peoples / Billboard:
Apple Music's Goal: Some Subscribers Now, Lots of Hardware Sales Later  —  Will Apple Music turn around the record business?  Will Apple Music help Apple sell more iPhones and laptops?  There are some guesses but little certainty to both questions.  —  While the music industry …
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Andy Cush / Gawker:
Texas town apologizes for sending Gawker a FOIA request bill for $79K related to police abuse video, calls it a mistake  —  McKinney, Texas, Apologizes for “Erroneous” $79,000 FOIA Bill  —  Wednesday evening, a spokeswoman for McKinney, Texas, apologized to Gawker for sending a $79,000 bill …
Variety:
ESPN Denies Report on Keith Olbermann Censorship  —  ESPN has denied a story by the Hollywood Reporter on Wednesday that claimed the network wants host Keith Olbermann to suspend commentary from his program.  —  “Keith has never been told any topic is off limits for his commentary nor …
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Alex Weprin / Capital New York:
In 2014, Fusion posted a loss of $35M, with $28.1M in revenue and $63.4M in expenses  —  Univision I.P.O. sheds light on Fusion's finances  —  Univision's upcoming I.P.O. will be the biggest media I.P.O. in years, thanks to the company's dominance among Spanish-language consumers.
Marc Herman / Columbia Journalism Review:
Spain's Citizen Security Law makes it illegal to disseminate content deemed “damaging” to police and security forces  —  Under Spain's gag law, covering the news could cost you  —  One evening last month, a police helicopter swooped over my neighborhood of mid-sized apartment blocks in Barcelona.
Discussion: EL PAÍS and New York Times
Eriq Gardner / Hollywood Reporter:
Unpaid interns' court victory against Fox Entertainment overturned by Second Circuit Court of Appeals  —  Interns' Big Victory Against Fox Vacated by Appeals Court  —  2nd Circuit says the true test of whether internships must be paid comes down to whether the intern or the employer is the primary beneficiary of the relationship.
 
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 More News: 
Damaris Colhoun / Columbia Journalism Review:
Inside the tensions at Bloomberg News, facing several recent high-level departures and rumors that Mike Bloomberg wants to scale back some enterprise reporting
Adi Robertson / The Verge:
VR startup Jaunt unveils 360-degree Neo camera for high-end VR movie production, will lease the device to partners starting in August
 Earlier Picks: 
Russell Brandom / The Verge:
Chicago's 9% cloud tax now applies to “electronically delivered amusements” like Netflix
Daniel Frankel / FierceCable:
Cable One, a Phoenix-based cable and Internet provider, spins off from Graham Holdings
Discussion: Multichannel News and bizjournals