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Kevin Dugan / New York Post:
Pierre Omidyar's First Look Media is reaching out to media organizations about filing amicus briefs in support of Gawker's appeal — Two Silicon Valley billionaires with a history of bad blood are squaring off over Gawker. — Pierre Omidyar, an eBay co-founder, is leading the charge …
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Will Oremus / Slate:
Peter Thiel's secret war against Gawker proves Silicon Valley needs a Valleywag to hold its powerful accountable — Peter Thiel's misguided, secret war against Gawker Media proves it. — Peter Thiel, the billionaire venture capitalist and Facebook board member who co-founded PayPal and Palantir …
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Jim Rutenberg / New York Times:
Thiel's funding of Hogan's Gawker lawsuit is just one of several sometimes-secret attempts by wealthy to control weakened US media — At first blush, the secret support that the Silicon Valley billionaire Peter Thiel provided for Hulk Hogan's lawsuit against Gawker is a salacious yarn about money, power, gossip and revenge.
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Nick Denton / Gawker:
Nick Denton challenges Peter Thiel to a public debate in open letter, says decade-long campaign by Thiel is out of proportion, asks about ultimate intent — Nearly a decade ago, after you had opened up to friends and colleagues, a gay writer for Gawker shared an item with the readers of Valleywag …
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New York Times:
Some Silicon Valley luminaries, including Vinod Khosla and Jessica Livingston, express approval for Peter Thiel's tactics against Gawker — SAN FRANCISCO — After the news that one of Silicon Valley's stars secretly funded a lawsuit to bring down a gossip site, the overwhelming response …
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Barry Meier / New York Times:
Legal experts discuss third-party litigation funding, previous examples involving media, and legal obligations of the lawyers involved — The Silicon Valley billionaire Peter Thiel has put the future of Gawker Media into doubt by secretly funding a successful lawsuit that threatens to undermine the media company's finances.
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Wall Street Journal, @timrace and @nytimes
Steven Perlberg / Wall Street Journal:
Source: Gawker Media is exploring strategic options, including potential sale
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Greg Sterling / Marketing Land:
Facebook expands Audience Network reach beyond just its users — to everyone — All people on Audience Network mobile sites and apps can now be targeted using familiar Facebook parameters. — Two years ago Facebook launched the Facebook Audience Network as part of an effort to expand …
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Mike Shields / Wall Street Journal:
Facebook to shut down FBX, its ad exchange that lets third party companies purchase ads for desktop as company shifts focus toward mobile — Social network focusing on its own ad network and mobile ad inventory — Facebook is planning to shut down its ad exchange, FBX …
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Wall Street Journal, Recode, AdExchanger, Marketing Land, SocialTimes, MediaPost, CNBC, Business Insider, The Drum, AdExchanger and Fortune
Kurt Wagner / Recode:
Facebook plans to officially kill its video ad exchange LiveRail — The writing has been on the wall for some time. — Facebook plans to shutter LiveRail — the video ad exchange that it bought back in 2014 for a reported $400 million to $500 million — for good sometime in the very near future, according to sources.
Pew Research Center:
Pew: 62% of US adults get news on social media; 66% of Facebook, 23% of Instagram, 21% of YouTube, 19% of LinkedIn users get news there — A majority of U.S. adults - 62% - get news on social media, and 18% do so often, according to a new survey by Pew Research Center …
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Eriq Gardner / Hollywood Reporter:
Bankruptcy judge forbids Netflix from streaming Relativity Media movies ahead of theatrical release — Relativity Media wins the latest round in a bitter battle with its successful reorganization at stake. — Relativity Media can breathe a sigh of relief.
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The Wrap, The Interrobang, Wall Street Journal, Variety and Deadline
Kevin Eck / TVSpy:
Nexstar to sell five stations to meet FCC requirements for merger with Media General — In what it's calling a first step towards getting approval for its proposed merger with Media General, Nexstar Broadcasting says it's selling five stations to three different ownership groups.
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