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12:05 PM ET, June 15, 2016

Mediagazer

 Top News: 
J.K. Trotter / Gawker:
Lawyer Charles J. Harder, hired by Thiel for earlier lawsuits, wants Gawker to reveal sources and take down its investigation of Trump's hair  —  Is Donald Trump's Hair a $60,000 Weave?  A Gawker Investigation Is Donald Trump's Hair a $60,000 Weave?  A Gawker Investigation Is Donald Trump's Hair a $60,000 Weave?
RELATED:
Maria Chutchian / Forbes:
Judge to rule Wednesday on whether bankruptcy court's protection for Gawker extends to Nick Denton  —  Gawker Media's last-ditch effort to protect itself from a debilitating $140 million judgment using Chapter 11 may be a novel strategy to the media world but pharmaceutical and casino companies alike …
Discussion: The Wrap
Peter Sterne / Politico:
A list of the ten separate lawsuits Gawker is currently fighting  —  Gawker Media is fighting at least 10 lawsuits, and facing the threat of yet another  —  At the time it filed for Chapter 11 bankruptcy protection on Friday, Gawker Media was fighting at least 10 separate lawsuits and was facing the threat of yet another.
Rick Edmonds / Poynter:
Pew State of the News Media Report: big platforms hog 65% of digital ad revenue but are dependent on news outlets for content  —  The 13th annual Pew Research State of the News Media Report documents another year of alarming declines for newspapers — the worst since the 2008-2009 recession.
Recode:
Twitter Ventures invests in SoundCloud; sources say investment is $70M in a round valuing SoundCloud at about $700M  —  Twitter wanted to buy the company a couple years ago; now it has invested $70 million instead.  —  Two years ago Twitter thought about buying SoundCloud, but ended up walking away from the music service.
Brian Stelter / CNNMoney:
Presidential candidate Donald Trump says he will not revoke press credentials of reporters if elected, as he has done with Washington Post, other news outlets  —  While Donald Trump's campaign is refusing to give press credentials to reporters from The Washington Post and several other news outlets …
RELATED:
Margaret Sullivan / Washington Post:
Post Executive Editor Martin Baron says Trump coverage will continue “honorably, accurately, and unflinchingly” regardless of credentials
Shan Wang / Nieman Lab:
“It kept coming back to our long-term independence”: FOIA site MuckRock goes nonprofit  —  MuckRock, a collaborative news site that helps journalists as well as interested citizens with Freedom of Information Act requests, announced Wednesday that it's received 501(c)(3) status — in other words, it's going the nonprofit route.
Joseph Lichterman / Nieman Lab:
Facebook executive: Your News Feed will likely be “all video” in five years  —  A Facebook executive said Tuesday that she expects the social platform will probably be “all video” in five years.  —  Videos are now viewed 8 billion times daily on Facebook, up from 1 billion a year ago …
RELATED:
Anthony Ha / TechCrunch:
Tim Mahlman, head of AOL's publisher tools, takes charge of the company's ad-tech business too  —  AOL executive Tim Mahlman is getting a promotion.  —  The titles might not sound all that different — Mahlman was previously AOL's president of publisher platforms, and now he's president of AOL platforms.
Discussion: Adweek, Ad Age and AdExchanger
Joe Nocera / New York Times:
By creating a market for on-demand TV, Netflix spawned its own competitors and is struggling to survive, with a negative cash flow of nearly $1B  —  It helped to develop all the new ways we watch TV — on-demand, bingeing, mobile.  But the Silicon Valley company still has to keep reinventing itself.
Discussion: Business Insider and Fortune
Kelsey Sutton / Politico:
BuzzFeed fires two producers, Jenny Lorenzo and Brittany Ashley, over appearing in a web-series, citing non-compete clause most video staff are asked to sign  —  Two popular producers and personalities for BuzzFeed — Jenny Lorenzo, a writer, producer and actor for the company's English …
Robert Channick / Chicago Tribune:
Johnson Publishing sells Ebony, Jet magazines to Texas firm  —  Ebony covers featuring Vanessa Williams (1983), Muhammad Ali (1978), Nelson Mandela (1990) and President Barack Obama (2008).  —  After a 71-year run in Chicago, Johnson Publishing is getting out of publishing.
Discussion: MinOnline, New York Post and FishbowlNY
Ben Popper / The Verge:
Rhapsody rebrands itself as Napster, the service it acquired in 2011  —  Rhapsody is part of the old guard of music streaming services, launched way back in 2001 as Listen.com.  It never got the traction of it's rival Spotify, and is now competing against titans like Apple and Google as well.
 
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 More News: 
Shan Wang / Nieman Lab:
Knight Foundation releases new report on the Philadelphia Media Network, cautions that there's no one-size-fits-all approach to problems facing local news
Discussion: Knight Foundation
Roy J. Harris Jr / Poynter:
Pulitzer Prize boss Mike Pride says further expansion of the award is ‘probable’
Natalie Jarvey / Hollywood Reporter:
Comcast Ventures leads $6.8M round in virtual reality firm Felix & Paul Studios
Sarah Kessler / Fast Company:
YouTube star Hank Green launches non-profit, the Internet Creator's Guild, to protect the rights of content creators
Rrapo Zguri / European Journalism Observatory:
Too many media outlets and too few consumers are forcing Albania's legacy newspapers and TV channels to close
 Earlier Picks: 
Joseph Lichterman / Nieman Lab:
Health and life sciences site Stat plans a paywall as it aims for more national coverage
Discussion: @raju
Jeremy Barr / Ad Age:
Thrillist Media Group CEO Ben Lerer on profitability, Facebook Live, and the current stat of media
Discussion: @abrams
Jim Puzzanghera / Los Angeles Times:
Federal appeals court denies telecom petition challenging FCC's net neutrality rules
 

 
From Techmeme:

Emma Roth / The Verge:
Mark Zuckerberg says Threads is testing custom feeds for certain profiles or topics; the Threads' version seems easier to use than Bluesky's custom feeds

Financial Times:
Sources: xAI raised $5B at a $45B valuation, almost double its valuation a few months ago; SpaceX prepares a tender offer that would value the company at $250B+

Jibin Joseph / PCMag:
UK mobile operator Virgin Media O2 creates Daisy, an AI-generated “scambaiter” tool that mimics the voice of an elderly woman to waste scammers' time
 
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