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2:45 AM ET, May 28, 2016

Mediagazer

 Top News: 
Kevin Dugan / New York Post:
Pierre Omidyar's First Look Media is reaching out to media organizations about filing amicus briefs in support of Gawker's appeal  —  Two Silicon Valley billionaires with a history of bad blood are squaring off over Gawker.  —  Pierre Omidyar, an eBay co-founder, is leading the charge …
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Will Oremus / Slate:
Peter Thiel's secret war against Gawker proves Silicon Valley needs a Valleywag to hold its powerful accountable  —  Peter Thiel's misguided, secret war against Gawker Media proves it.  —  Peter Thiel, the billionaire venture capitalist and Facebook board member who co-founded PayPal and Palantir …
Jim Rutenberg / New York Times:
Thiel's funding of Hogan's Gawker lawsuit is just one of several sometimes-secret attempts by wealthy to control weakened US media  —  At first blush, the secret support that the Silicon Valley billionaire Peter Thiel provided for Hulk Hogan's lawsuit against Gawker is a salacious yarn about money, power, gossip and revenge.
Nick Denton / Gawker:
Nick Denton challenges Peter Thiel to a public debate in open letter, says decade-long campaign by Thiel is out of proportion, asks about ultimate intent  —  Nearly a decade ago, after you had opened up to friends and colleagues, a gay writer for Gawker shared an item with the readers of Valleywag …
New York Times:
Many Silicon Valley leaders express approval for Peter Thiel's tactics against Gawker  —  SAN FRANCISCO — After the news that one of Silicon Valley's stars secretly funded a lawsuit to bring down a gossip site, the overwhelming response in the tech community has been: More power to him.
Barry Meier / New York Times:
Legal experts discuss third-party litigation funding, previous examples involving media, and legal obligations of the lawyers involved  —  The Silicon Valley billionaire Peter Thiel has put the future of Gawker Media into doubt by secretly funding a successful lawsuit that threatens to undermine the media company's finances.
Steven Perlberg / Wall Street Journal:
Source: Gawker Media is exploring strategic options, including potential sale
Pew Research Center:
Pew: 62% of US adults get news on social media; 66% of Facebook, 23% of Instagram, 21% of YouTube, 19% of LinkedIn users get news there  —  A majority of U.S. adults - 62% - get news on social media, and 18% do so often, according to a new survey by Pew Research Center …
Greg Sterling / Marketing Land:
Facebook expands Audience Network reach beyond just its users — to everyone  —  All people on Audience Network mobile sites and apps can now be targeted using familiar Facebook parameters.  —  Two years ago Facebook launched the Facebook Audience Network as part of an effort to expand …
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Mike Shields / Wall Street Journal:
Facebook to shut down FBX, its ad exchange that lets third party companies purchase ads for desktop as company shifts focus toward mobile  —  Social network focusing on its own ad network and mobile ad inventory  —  Facebook is planning to shut down its ad exchange, FBX …
Eriq Gardner / Hollywood Reporter:
Bankruptcy judge forbids Netflix from streaming Relativity Media movies ahead of theatrical release  —  Relativity Media wins the latest round in a bitter battle with its successful reorganization at stake.  —  Relativity Media can breathe a sigh of relief.
Kevin Eck / TVSpy:
Nexstar to sell five stations to meet FCC requirements for merger with Media General  —  In what it's calling a first step towards getting approval for its proposed merger with Media General, Nexstar Broadcasting says it's selling five stations to three different ownership groups.
Politico:
Inside the decline of digital media pioneer Salon.com, from changes in political coverage to financial failures  —  How a digital trailblazer and progressive powerhouse lost its way.  —  A Facebook page dedicated to celebrating the 20th anniversary of digital media pioneer Salon is functioning as a crowdsourced eulogy.
 
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 More News: 
David Prestipino / WA Today:
Seven West Media to buy News Corp's Australian properties, The Sunday Times and PerthNow
Discussion: Mumbrella, ABC and Sky News
Holly Byrnes / NEWS.com.au:
60 Minutes Australia producer fired over Lebanon child kidnapping story that landed children's mother and television crew in jail
Wall Street Journal:
Viacom Director Presses for Access to Sumner Redstone
Discussion: New York Times
 Earlier Picks: 
SBNation:
SB Nation releases Vox Media review of Daniel Holtzclaw profile and vows to work on building and valuing staff diversity, among other changes