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3:15 PM ET, June 16, 2016

Mediagazer

 Top News: 
Steven Levy / Backchannel:
Tech site Backchannel moves to Condé Nast, becoming part of Wired Media Group  —  Backchannel is moving to Condé Nast.  Jessi Hempel is joining us.  We're poised to grow.  But we still will publish only the good stuff.
Joe Flint / Wall Street Journal:
Sumner Redstone Says He No Longer Trusts Viacom Board or CEO  —  Controlling shareholder says his wishes, stockholder interests are being ignored  —  Viacom Inc. controlling shareholder Sumner Redstone said he doesn't trust the company's board of directors or its Chairman and Chief Executive Philippe Dauman.
Peter Rubin / Wired:
Lucasfilm's ILMxLAB and Magic Leap partner to produce mixed-reality Star Wars content  —  You're used to C-3PO being diplomatic and prissy, wringing his droid hands over any and every little setback.  You're used to him sticking close to R2-D2.  What you're probably not used to, though …
Georg Szalai / Hollywood Reporter:
ITV and Sky to acquire minority stakes in Ginx eSports TV, which will launch on Sky as a 24-hour channel in the UK and Ireland on June 23  —  EMAIL ME  —  With growing interest in competitive video gaming, the companies are expected to buy minority stakes.
Aaron Mackey / Electronic Frontier Foundation:
House approves FOIA Improvement Act of 2016, bill is expected to be signed by President Obama ahead of 50th anniversary of federal FOIA law next month  —  Congress has passed reforms to the Freedom of Information Act, which EFF hopes signals the beginning of a larger overhaul of the transparency law …
Jon Brodkin / Ars Technica:
Net neutrality battle not over despite FCC win in DC Circuit as ISPs prepare to take case to Supreme Court  —  FCC won in all facets of today's decision, but ISPs are not out of options.  —  Today's court decision upholding net neutrality rules is a huge legal milestone …
Discussion: Forbes and Bloomberg
Corporate Crime Reporter:
LexisNexis Unit Law360 to Stop Using Non Compete Agreements for Most Employees  —  LexisNexis subsidiary Law360 has agreed to stop using non-compete agreements that had been mandatory for the vast majority of employees, including some in their first jobs out of college with no journalism experience.
Mark Sweney / Guardian:
FT takes controlling stake in content marketing company Alpha Grid  —  Publisher to ramp up its presence in branded content, especially digital and video  —  The Financial Times is to significantly boost its advertiser-funded video and digital content by acquiring specialist firm Alpha Grid.
Discussion: @raju and The Drum
RELATED:
Roy Peter Clark / Poynter:
The 1990s Public Journalism effort, which focused on enhancing democracy by encouraging engaged readers, could help improve campaign coverage now  —  At a time when America and American journalism seems befuddled by what constitutes effective campaign coverage — especially in the era of Bernie …
Kristen Hare / Poynter:
Newsrooms are sending food to the Orlando Sentinel  —  As the Orlando Sentinel newsroom continues covering the mass shooting at a gay nightclub in Orlando, newsrooms in other cities are showing their support with food.  —  Southern California News Group, which includes publications …
Shirley Halperin / Billboard:
Q&A with Apple's Iovine, Reznor, Cue, and Kondrk on Apple Music, Beats 1, and YouTube's “disingenuous” business model, and more  —  Eddy Cue, Apple senior vice president of internet software and services, helps introduce the new iOS software at an Apple event …
 
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From Techmeme:

Yifan Yu / Nikkei Asia:
Biden admin finalizes its $6.6B CHIPS Act grant to TSMC; money will be disbursed in stages and TSMC is expected to receive at least $1B by the end of 2024

Kyle Wiggers / TechCrunch:
In his amended lawsuit against OpenAI, Musk names new defendants including Microsoft, Reid Hoffman, and ex-OpenAI board member and Microsoft VP Dee Templeton

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+
 
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