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8:30 AM ET, May 26, 2016

Mediagazer

 Top News: 
Andrew Ross Sorkin / New York Times:
Peter Thiel acknowledges he spent around $10M to fund a team of lawyers to help Gawker “victims” like Hulk Hogan sue the company, in act of “deterrence”  —  A billionaire Silicon Valley entrepreneur was outed as being gay by a media organization.
RELATED:
Felix Salmon / Fusion:
If Peter Thiel's strategy against Gawker works, it may then be emulated by other billionaires against any media organization  —  Funding Hulk Hogan's lawsuit against Gawker?  That's not cool.  Actively going out to find potential plaintiffs who might have cases against Gawker and then giving them the money to bring those cases?
Peter Sterne / Politico:
Florida judge upholds $140.1 M verdict against Gawker, Nick Denton, and AJ Daulerio; Gawker to appeal  —  A state court judge in Florida upheld a jury verdict of $140.1 million in damages against Gawker Media, CEO Nick Denton and former editor in chief A.J. Daulerio.
New York Times:
Gossip, revenge, and the complicated relationship between Silicon Valley and media including Gawker's Valleywag  —  SAN FRANCISCO — Silicon Valley likes to keep the media on a tight leash.  Tech executives expect obedience, if not reverence, from reporters.  They dole out information as grudgingly as possible.
Callum Borchers / Washington Post:
Thiel's backing of Hogan suit against Gawker shows the heavy price media companies face, heightened by Trump's litigious, anti-media stance
Erik Wemple / Washington Post:
Subjects in Under the Gun documentary object to deceptive editing; producer apologizes if anyone was offended, and Katie Couric stands by producer's statement  —  It looks as though Katie Couric stunned her interviewees.  Knocked them out with a bombshell inquiry: “Let me ask you another question …
Katie Rogers / New York Times:
The New York Times announces it will offer buyout packages to newsroom and business department employees at the end of the month  —  The New York Times will offer voluntary buyout packages to members of the newsroom and several business departments at the end of the month, the company announced on Wednesday.
Lukas I. Alpert / Wall Street Journal:
Business Insider launches website for lifestyle vertical Insider after 10 months distributing content exclusively on social media platforms  —  Content designed to be distributed on social media platforms gets its own Web destination  —  In the fast-changing world of digital publishing, occasionally something old becomes new again.
Alex Spence / Politico:
Washington Post targets Europe with expanded Global Opinions section, additional regions to be added in coming months  —  The Washington Post, resurgent under the ownership of Amazon's Jeff Bezos, is expanding in Europe as part of a drive for more readers outside its home market.
Discussion: Washington Post and @rafat
Elisabeth Witchel / Committee to Protect Journalists:
US on verge of expanding Magnitsky Act which could curb impunity for murderers of journalists globally  —  Last week, the proposed Global Magnitsky Human Rights Accountability Act emerged from the U.S. House Foreign Affairs Committee with approval.  The bill was passed by the Senate last year.
Trevor Timm / Columbia Journalism Review:
Chelsea Manning case could be the catalyst for courts to rule that using the Espionage Act against leakers is unconstitutional  —  WikiLeaks whistleblower Chelsea Manning filed her long-awaited appeal to a 35-year jail sentence last week, and her case brings up an important question for journalists …
Discussion: MWC News and @trevortimm
Bloomberg:
A look at the old media companies that own or have invested in new media companies and comparison of traffic cross top digital media sites  —  Rani Molla is a Bloomberg Gadfly columnist using data visualizations to cover corporations and markets.  She previously worked for the Wall Street Journal.
Rem Rieder / USA Today:
Three years after buying in to newspapers, Warren Buffett still loves the industry but worries about the rate of decline in circulation and advertising  —  When I talked to Warren Buffett three years ago, he confided that he had a forbidden passion.  —  “It's almost unnatural how much I love newspapers,” he said.
 
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 More News: 
Mark Sweney / Guardian:
Daily Mail and General Trust half year results: 29% drop in profits from six months ago, driven by decline in print ads
 Earlier Picks: 
Mark Scott / New York Times:
EU proposes new rules to protect minors, combat hate speech, and mandate that video streaming services have 20% European content
Mădălina Ciobanu / Journalism.co.uk:
Multimedia storytelling platform Shorthand launches out of beta
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Esha Dey / Bloomberg:
Tesla's shares are up 73% since Election Day, as several analysts see the Trump administration easing rules for self-driving tech, benefiting Tesla's ambitions

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems
 
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