Top News:
Peter Sterne / Politico:
Gawker Media files for Chapter 11 triggering auction, will continue operating and fight the Hogan verdict; source says Ziff Davis opens with $90-$100M bid — Company files for Chapter 11 to protect assets from seizure by Hulk Hogan — Gawker Media parent company Gawker Media Group …
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Eriq Gardner / Hollywood Reporter:
Gawker requests injunctive relief prohibiting Hogan and others from taking more legal action against it and Denton without bankruptcy court approval — Court papers say it's likely that Nick Denton will be filing for personal bankruptcy and that Hogan becoming Gawker's owner would be “inequitable.”
Discussion:
Tampa Bay Times, USA Today, The Federalist, @mediapost, @dceiver, @reutersbiz, Vanity Fair and The Week
Julia Love / Reuters:
Sources: Amazon to launch $9.99/mo standalone streaming music service late summer/early fall — Amazon.com Inc is preparing to launch a standalone music streaming subscription service, placing it squarely in competition with rival offerings from Apple Inc and Spotify, according to two people with knowledge of the matter.
Discussion:
Fast Company, Variety, AppleInsider, CNET, Hollywood Reporter, Amazon.com, Pocket-lint, Engadget, The Verge, Fortune, Forbes and Android Central
Emily Steel / New York Times:
Sources: possible Viacom board members are Kenneth Lerer, Nicole Seligman, Judith McHale, and Thomas J. May in move to reshape board before re-merging with CBS — Philippe P. Dauman, Viacom's embattled chief executive, said Thursday that the entertainment company was continuing its efforts …
Shan Wang / Nieman Lab:
Two professors highlight fair use with Kickstarter to pay fee to quote the New York Times in their book; publisher Routledge asked professors to get formal OK — Obtaining formal permission to use three quotations from New York Times articles in a book ultimately cost two professors $1,884.
Discussion:
@johnmcquaid, Techdirt, @felixsalmon, FAIR, Kickstarter, @gitagovinda, @jbenton, @jbenton, @jeffjarvis and @chanders
Sarah Ellison / Vanity Fair:
Sources: Norman Pearlstine in Talks to Step Down as Chief Content Officer of Time Inc. — The venerable journalist is expected to move on to a consulting role. — Norman Pearlstine, the chief content officer of Time Inc., is negotiating his exit from the role, multiple sources have confirmed.
Discussion:
Ad Age
Kim McLaughlin / Bloomberg:
Axel Springer buys 93% of market researcher EMarketer for $242M — Axel Springer SE agreed to buy market researcher EMarketer Inc. at an enterprise value of about $250 million as the German publisher continues its push into digital businesses and English-speaking markets.
Rick Edmonds / Poynter:
NAA is getting ready to accept digital-only sites as members — In a break with tradition, The Newspaper Association of America is looking to expand its membership to include digital-only news organizations, according to its top leaders. — Chairman Tony Hunter and President and CEO David Chavern …
Brian Fung / Washington Post:
New York AG Schneiderman tells Charter to speed up Time Warner Cable's “abysmal” internet service following company's rebranding of TWC/Charter as Spectrum — The ink is barely dry on Charter's massive acquisition of Time Warner Cable — a deal that just formed …
Discussion:
Tech Times, SlashGear and The Verge
Andy / TorrentFreak:
Canadian court issues temporary injunction banning the sales of some Android-based set-top boxes with piracy software pending a full trial — For years Internet piracy was the preserve of desktop machines running various flavors of peer-to-peer file-sharing software.
Discussion:
Federal Court
Wendy Davis / MediaPost:
Digital-rights advocates file complaints with the FCC and FTC about the use of consumers' set-top box data by AT&T, Comcast, and Cablevision — Cable companies have spent the better part of five months arguing that the FCC's proposed new set-top rules won't protect people's privacy.
Discussion:
@publicknowledge, Public Knowledge and Broadcasting & Cable
Robert Cookson / Financial Times:
Time Out raises £90M ahead of listing London junior stock market with plans to expand into e-commerce and build food markets in London, Miami, and Berlin — Time Out, publisher of city guides from New York to Beijing, has raised £90m ahead of a listing on London's junior stock market …
Discussion:
Bloomberg, Reuters, Life Style Extra, The Lawyer, Breakingviews, TheStreet.com and Press Gazette