Top News:
Douglas MacMillan / Wall Street Journal:
How Marissa Mayer's spending at Yahoo to spur growth, in defiance of deals with activist investors to cut costs, led to auction of core assets, board shakeup — Embattled CEO failed to produce pledged savings, plunged deeper into turnaround; more room in the parking lot
Discussion:
@rafat, @harrymccracken, @nicktimiraos, CNBC and Business Insider
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Seth Fiegerman / Mashable:
Behind the scenes at Tumblr after the Yahoo acquisition: new competition, a $240M writedown in February, and an uncertain future
Behind the scenes at Tumblr after the Yahoo acquisition: new competition, a $240M writedown in February, and an uncertain future
Discussion:
New York Magazine, @ppearlman, @mashable, @mashable and @sarahcuda, Thanks:@ravichandrans25
Joe Flint / Wall Street Journal:
Sumner Redstone removes five members of Viacom's board of directors, including Philippe Dauman, who remains CEO for now — Among those ousted are Viacom CEO Philippe Dauman — Sumner Redstone's National Amusements on Thursday replaced five board members of Viacom Inc. …
Discussion:
New York Times, Vanity Fair, Deadline, Bloomberg, FishbowlNY, Los Angeles Times, Hollywood Reporter, Fortune, Recode, Variety, brandchannel, Adweek, Reynolds Center, Guardian, Broadcasting & Cable, New York Times, New York Post, Quartz, Gawker, The Wrap, Fortune, NPR, USA Today, Reuters, CNNMoney, Variety, Reuters, The Wrap, @edmundlee, Broadcasting & Cable, Deadline, BuzzFeed, @mathewi, @alexweprin, @pkafka, Fortune, @richbtig, @alexweprin and @alexweprin
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Emily Steel / New York Times:
Viacom warns of earnings shortfall, is paying legal bills for CEO Dauman during struggle for company control — As he wages legal battles in multiple states to keep his position in Sumner M. Redstone's media empire, Philippe P. Dauman's legal bills are being paid by Viacom.
Discussion:
@emilysteel and Recode
Jordan Novet / VentureBeat:
Snapchat is launching Real Life, a post-per-day digital publication about living with technology, on June 27, with Nathan Jurgenson as editor in chief — Snapchat doesn't just care about video. — The company is behind a new online magazine called Real Life, which will publish roughly …
Discussion:
Real Life, @nathanjurgenson, TechCrunch, Softpedia News, PCMag UK, Business Insider, FishbowlNY, SlashGear, The Verge, PC Tech Magazine, CNET, @mikealbanese, Fast Company, The Next Web, VatorNews and @samfbiddle
Al Jazeera English:
Egypt finalizes death sentences in absentia for two Al Jazeera journalists and one Rassd News Network reporter — Court delivers verdicts for defendants accused of leaking state secrets to Qatar, including Al Jazeera journalists. — An Egyptian court has handed down its final ruling …
Discussion:
Associated Press, The Hill, Sky News, The Independent, Gulf Times, Scroll.in, The Arab Daily News, Quartz, PBS NewsHour, The Wrap and Newsy
Corey Hutchins / The Colorado Independent:
Fearing more layoffs after buyout offers, Denver Post journalists organize a rally against hedge fund owner Alden Global Capital — DENVER — As a cops reporter for a corporate-owned newspaper in South Carolina, Noelle Phillips had already survived multiple rounds of layoffs before moving across …
Discussion:
@bruvs, @davekrieger, @nickgroke, @laurakeeney, @yhsteves, @nickgroke, @robcurley, @nickkosmider, @pacmediaguild and @danattrib
Ellen Gamerman / Wall Street Journal:
As its famous hosts leave the airwaves NPR seeks a younger audience but is having trouble keeping up with innovative podcasters — With both its stars and audience aging, NPR is struggling to adapt to the digital age: ‘The most innovative people are doing podcasts’ — Old hosts die hard in public radio.
Discussion:
New York Times, @petersagal, FederalNewsRadio.com, MyNewsLA.com, Star Tribune, @wsj and Wall Street Journal
Joseph Lichterman / Nieman Lab:
Q&A with Sports Illustrated incoming editorial director Chris Stone on premium digital content, website redesign plans, and new verticals — Much has changed since Chris Stone first joined Sports Illustrated in 1992. — While SI was once focused solely on publishing a weekly magazine …
Discussion:
VideoInk
Ted Johnson / Variety:
Appeals Court Hands Vimeo a Victory in Liability for Copyright-Infringing Videos — A federal appellate court has ruled that Vimeo has limited liability over users' uploading of almost 200 videos with infringing music recordings, rejecting claims from record companies and publishers …
Robinson Meyer / The Atlantic:
Interview with Medium's Ev Williams on corporate web consolidation, the open web, and centralized platforms — To a certain kind of nerd, Ev Williams is the Forrest Gump of internet media. Williams helped write the software that made us call blogs blogs. He founded a podcast company years before most people listened to them.
Discussion:
@james_gross and @sacca
Steven Zeitchik / Los Angeles Times:
VR startup Vrse changes names to Within and announces $12.56M funding round, led by Andreessen Horowitz and including Fox, WME, and Vice — A shot from Chris Milk's ‘Evolution of Verse’ (Within) — For virtual-reality entertainment, the money keeps coming.
Discussion:
Within, Road to VR, Bloomberg, Wired, The Verge, SlashGear, Recode, CNET, Hollywood Reporter, VentureBeat, Digital Trends, Indiewire and Fortune
Daniel Frankel / FierceCable:
As pay TV provider group releases “Ditch the Box” proposal to FCC, Google-backed group calls it a delay tactic — A trade group backed by Google (NASDAQ: GOOG), Netflix (NASDAQ: NFLX) and Amazon (NASDAQ: AMZN) has derided the pay-TV industry's counter-proposal to an FCC plan to open cable …
Discussion:
Engadget