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, @nicknotned, Vanity Fair, @eriqgardner, The Wrap, @mediapost, @dceiver, @reutersbiz, Fortune and Business Insider
Brian Stelter / CNNMoney:
Sources: Denton may try to buy back Gawker.com, if he wins Hogan appeal — At the end of the Gawker Media bankruptcy process, Gawker founder Nick Denton will have surrendered control of all of his websites. — But there's a chance he will wind up regaining control of the blog where it all began, Gawker.com.
Discussion:
Heat Street, @brianstelter, KTLA, Mediaite, CBS Philly, Editor & Publisher 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:
Guardian, MacRumors, BetaNews, SlashGear, Complex, Android Police, PhoneDog.com, Variety, AppleInsider, Fortune, CNET, Hollywood Reporter, Pocket-lint, Engadget, MobileSyrup.com, The Wrap, The Verge, Amazon.com, The FADER, Fast Company, Forbes and Android Central
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:
Media Wire Daily and Ad Age
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
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 …
Jason Wilson / VentureBeat:
Twitch's 100 million viewers watched 800 million hours of esports in the last 10 months — If you're uncertain why companies like ESPN and Activision have been making big acquisitions and investments in esports, here's a good answer: because more than 100 million viewers spend lots of time …
Discussion:
@jcenters, PollstarPro and ESPN
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
David Uberti / Columbia Journalism Review:
After years of turmoil, Los Angeles Times newsroom faces almost-crippling uncertainty and exhaustion, interviews with about 20 current and former staffers show — Davan Maharaj jokes that he's a crazy driver. But he adds with a laugh, “I'm trying to behave since you're in the car.”
Discussion:
@daviduberti, @jayrosen_nyu and cmo.com
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 …
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