Top News:


Sources: Peter Thiel has played a lead role in bankrolling Hulk Hogan's lawsuits against Gawker Media — One of Silicon Valley's best-known investors has been footing a former wrestler's legal bills in lawsuits against a shared enemy. — Peter Thiel, a PayPal cofounder and one of the earliest backers …
Discussion:
Mashable, @mattyglesias, @jwherrman, @brian_solomon, @mattbuchanan, @sarahcuda, @jmcduling, @brian_solomon, @gideonresnick, @clarajeffery, @caseynewton, @mims, @ggreenwald, @lhfang, @mattbuchanan, @fredbenenson, @lahlahlindsey, @rmac18, @dvsch, @profjeffjarviss, @mkapor, @noupside, @caseynewton, @jbruin, @kevinroose, @mhelft and @felixsalmon
RELATED:

Nick Denton speculates that Silicon Valley funding is behind Hulk Hogan lawsuit and two new cases against Gawker
Discussion:
Talking Points Memo, Mediaite, Hollywood Reporter, Recode, Real Stories, Awful Announcing, The Wrap, @edmundlee, @moorehn, @pkafka, @mims, @janinegibson, @jyarow, @gaberivera, @pmarca, @blogdiva, @petersterne, @jmcduling and @tolles

Twitter won't count photos, videos, @names in replies toward 140 characters “in the coming months”, will allow self-retweets, touts improved onboarding metrics — Over the past decade, the Tweet has evolved from a simple 140-character text message to a rich canvas …
Discussion:
New York Times, The Verge, @twitter, TechCrunch, Social, Droid Life, New York Magazine, Softpedia News, Forbes, VatorNews, @bydanielvictor, SocialTimes, BetaNews, The Mary Sue, Motherboard, @theswitch, MacStories, TechCrunch, Washington Post, The Huffington Post, Gizmodo, Consumerist, @alberteinstein, MacRumors, Adweek, Fast Company, The Wrap, @jack, Digiday, Real Stories, Pocket-lint, 9to5Mac, BGR, @deturningcruyff, @carlquintanilla, @thenewpi, @ethanklapper, @jeremybotter, @shivaroor, @agentm, @babylonian, @rlwjones, @pelles, @twitteruk, The FADER, AppAdvice.com Latest, @nycsouthpaw, @lanceulanoff, @brianstelter, Variety and CBS Boston


Over 400 writers including Stephen King, David Eggers, Amy Tan, and Cheryl Strayed release online letter opposing Trump — Donald J. Trump has been working to mend fences with many of his detractors, but among literary luminaries it is looking like it will be a tough sell.
Discussion:
Literary Hub, iPetitions, The Huffington Post, Mediaite, The Awl. — Medium, @pronounced_ing, @buzzfeedbooks, Jezebel, @dzancbooks, Mashable, @sarah_smarsh, @clarajeffery, @fmanjoo, Guardian and The Week


Industry observers and some staff believe BuzzFeed will eventually curtail news to focus on more profitable video and entertainment — Early last year, BuzzFeed CEO Jonah Peretti wrote a blog post titled “Why BuzzFeed Does News,” a battle cry for journalism that had the unintended effect of unnerving some members of the news division.
Discussion:
@peterlauria3, @paulxharris, @eliasisquith, @petersterne, @rafat, @moorehn, @amzam, @ceodonovan and @edmundlee


Many senior Daily Telegraph staff members fired, including deputy editor Liz Hunt — String of senior staff cuts follow announcement that publisher is seeking to reduce costs — The Telegraph has started a round of targeted cuts of senior newsroom staff including deputy editor Liz Hunt …
Discussion:
Spence on Media, Talking New Media, @marksweney and @iandouglas

Source: Josh Tyrangiel promoted at Vice Media to oversee company's entire news division; 15 digital producers, writers and editors laid off — Josh Tyrangiel is being promoted at Vice Media to oversee the company's entire news division, as part of a reorganization that will see around 15 …


Waterstones outsources its e-books business to Rakuten's Kobo, effective June 14 — Waterstones is to stop selling e-books from its website and instead divert customers to Kobo's reading platform for digital sales. — The chain book store will begin informing customers of the change …
Discussion:
TechCrunch, Bookseller News, Engadget, Featured Articles and Talking New Media


Amazon's Comixology launching subscription service for digital comics selections from major indie presses at $5.99/month, not including Marvel or DC comics — Comixology is launching a subscription service that will offer readers “thousands” of digital comics for $5.99 a month.
Discussion:
Comic Book Resources, /Film, Tech Insider, Birth.Movies.Death, Polygon, Forbes and EW.com


Facebook buys VR audio company Two Big Ears and debuts “Facebook 360 Spatial Workstation”, a free software suite for designing spatial audio — Today Facebook announced it's acquired Two Big Ears, a spatial audio technology company, for an undisclosed sum.


Sumner Redstone names Tad Jankowski, Jill Krutick to National Amusements board of directors, replacing Philippe Dauman and George Abrams — Sumner Redstone has officially replaced Philippe Dauman and George Abrams in the Sumner M. Redstone Irrevocable Trust.
Discussion:
Adweek, Variety, @lucas_shaw, New York Times, Broadcasting & Cable and Variety


How the misuse of copyright law enabled a negative review thread about a building firm to be delisted by Google — When Annabelle Narey posted a negative review of a building firm on Mumsnet, the last thing on her mind was copyright infringement — Writing a bad review online has always run …


Obama administration promised transparency, but delivered opacity, stonewalling FOIA requests, punishing a whistleblower, and threatening a reporter with jail — Some things just aren't cool. One of those, according to our no-drama president, is ignorance.
Discussion:
@ethanklapper, @normeisen, @moizsyed and The Daily Caller