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1:55 AM ET, July 3, 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 …
RELATED:
Ashley Feinberg / Gawker:
Reddit moderators shut down popular subreddits after apparent removal of Victoria Taylor, AMA coordinator and Reddit's director of communications  —  Reddit In Chaos After Allegedly Firing AMA Coordinator Victoria Taylor  —  If you tried to visit r/IAmA, one of Reddit's biggest subs …
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 …
Sarah Perez / TechCrunch:
SoundCloud updates iOS app with “play related tracks” feature that creates a stream of songs  —  In Wake Of Apple Music, SoundCloud Update Focuses On Music Discovery, Better User Experience  —  All the buzz this week may be about the launch of Apple Music …
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 …
Discussion: @bubbaprog and @chrisgeidner
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 …
Jack Marshall / Wall Street Journal:
Digital media M&A grew in first half of 2015, with 1,243 deals globally, up about 24% from 1,000 in first half of 2014  —  Digital Media M&A Accelerated in First Half of 2015  —  Mergers and acquisitions in the digital media space are accelerating, according to data from investment banking and strategic advisory firms.
Martin Beck / Marketing Land:
Twitter Updates Audience Insights & Introduces Persona Targeting  —  New features give advertisers more demographic information about their paid audiences and streamlines category targeting.  —  Twitter today announced an update to its audience insights dashboard and introduced a streamlined …
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.
Robert Faturechi / ProPublica:
MPAA paid to renovate screening rooms in at least four US embassies in 2014 as it lobbied US government on piracy and copyright rules  —  As Hollywood Lobbied State Department, It Built Free Home Theaters for U.S. Embassies  —  Four U.S. Embassies got upgraded screening rooms last year …
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.
RELATED:
William Turvill / Press Gazette:
NUJ: BBC ‘sensible’ to target management ‘chiefs’ in latest round of job cuts
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: @cjr, @taniel and EL PAÍS
 
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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
 Earlier Picks: 
Glenn Peoples / Billboard:
Apple Music's Goal: Some Subscribers Now, Lots of Hardware Sales Later
Discussion: Variety and The Lefsetz Letter
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
Russell Brandom / The Verge:
Chicago's 9% cloud tax now applies to “electronically delivered amusements” like Netflix
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks

Kyle Wiggers / TechCrunch:
Donald Trump announces that Sriram Krishnan, until recently a general partner at a16z, will serve as senior policy advisor for AI at the White House OSTP

Financial Times:
Sources: Palantir and Anduril are in talks with OpenAI, SpaceX, and more to form a consortium to bid for US defense contracts and plan to announce it in January
 
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