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1:35 PM ET, May 25, 2016

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 Top News: 
Forbes:
Sources: Peter Thiel has played a lead role in bankrolling Hulk Hogan's lawsuits against Gawker Media  —  One of Silicon Valley's best-known investors has been footing a former wrestler's legal bills in lawsuits against a shared enemy.  —  Peter Thiel, a PayPal cofounder and one of the earliest backers …
Discussion: New York Times, Talking Points Memo, TechCrunch, @choire, USA Today, Wall Street Journal, Fast Company, The Wrap, @lpolgreen, @jayrosen_nyu, Politico, CNNMoney, BuzzFeed, Recode, @perlberg, Variety, New York Magazine, The Independent, Salon, FishbowlNY, Washington Post, Breakingviews, New Republic, USA Today, Business Insider, Vanity Fair, Death and Taxes, Yahoo Finance UK, Caterina.net, @dangillmor, Newser, @ggreenwald, Mother Jones, @laura_hudson, Poynter, Wall Street Journal, Agence France-Presse, Sky News, International Business Times, CBC News, CBS News, Fortune, @tomgara, TIME, The Interrobang, Complex UK, Muckety, Showbiz Spy, Newsmax, Heavy.com, Fast Company, Quartz, AOL, Business Insider, Gawker, The Drum, Morning News USA, @mlcalderone, TheBlaze.com, Raw Story, Talking New Media, @adriennelaf, @ggreenwald, USA Today, @jbouie, The Week, Slate, Washington Post, @mattdpearce, MarketWatch, London Evening Standard, @tylergreendc, @mlcalderone, New York Daily News, New York Post, The Daily Caller, Los Angeles Times, New Zealand Herald, Newsweek, Silicon Valley Business …, @xmasape, @ctzn5, @roseveleth, The Next Web, The Week, @heerjeet, Techdirt, Crikey, @ggreenwald, INSIDER, Forbes, Awful Announcing, Daily Mail, Crikey, Fortune, CNET, The Big Lead, @coreypein, @marinahyde, Daring Fireball, The Verge, @tomgara, @theotypes, @caterina, @davewiner, @pkafka, @pkafka, Hollywood Reporter, Guardian, Mediaite, SFist, Boing Boing, Mashable, @mattyglesias, @jbruin, @dvsch, @profjeffjarviss, @mims, @gaberivera, @felixsalmon and @mkapor
RELATED:
Peter Sterne / Politico:
Florida judge upholds $140.1 M verdict against Gawker, Nick Denton, and AJ Daulerio  —  A state court judge in Florida upheld a jury verdict of $140.1 million in damages against Gawker Media, CEO Nick Denton and former editor in chief A.J. Daulerio.  —  In 2012, professional wrestler Hulk …
Katie Rogers / New York Times:
The New York Times announces it will offer buyout packages to newsroom and business department employees at the end of the month  —  The New York Times will offer voluntary buyout packages to members of the newsroom and several business departments at the end of the month, the company announced on Wednesday.
Alan Rappeport / New York Times:
Over 400 writers including Stephen King, Dave Eggers, Amy Tan, and Cheryl Strayed release online letter opposing Trump  —  Donald J. Trump has been working to mend fences with many of his detractors, but among literary luminaries it is looking like it will be a tough sell.
Alex Spence / Politico:
Washington Post targets Europe with expanded Global Opinions section, additional regions to be added in coming months  —  The Washington Post, resurgent under the ownership of Amazon's Jeff Bezos, is expanding in Europe as part of a drive for more readers outside its home market.
Discussion: Washington Post and @rafat
Lukas I. Alpert / Wall Street Journal:
Business Insider launches website for lifestyle vertical Insider after 10 months distributing content exclusively on social media platforms  —  Content designed to be distributed on social media platforms gets its own Web destination  —  In the fast-changing world of digital publishing, occasionally something old becomes new again.
Mark Scott / New York Times:
EU proposes new rules to protect minors, combat hate speech, and mandate that video streaming services have 20% European content  —  How do you say “House of Cards” in French?  Under new European proposals, you may soon find out.  —  That's because European officials announced on Wednesday …
Dylan Byers / CNNMoney:
Industry observers and some staff believe BuzzFeed will eventually curtail news to focus on more profitable video and entertainment  —  Early last year, BuzzFeed CEO Jonah Peretti wrote a blog post titled “Why BuzzFeed Does News,” a battle cry for journalism that had the unintended effect of unnerving some members of the news division.
Discussion: Newsmax and The Interrobang
Hadas Gold / Politico:
Source: Josh Tyrangiel promoted at Vice Media to oversee company's entire news division; 15 digital producers, writers and editors laid off  —  Josh Tyrangiel is being promoted at Vice Media to oversee the company's entire news division, as part of a reorganization that will see around 15 …
Lisa Campbell / Bookseller News:
Waterstones outsources its e-books business to Rakuten's Kobo, effective June 14  —  Waterstones is to stop selling e-books from its website and instead divert customers to Kobo's reading platform for digital sales.  —  The chain book store will begin informing customers of the change …
New York Times:
ELeague debuts on Turner's TBS on Friday night, targeting the large, young, mostly male audience of esports and adding announcers, player interviews  —  The world of competitive video game sports has moved to the mainstream without much help from television.  More than ever, though, television wants to get into the action.
RELATED:
Mike Minotti / VentureBeat:
Interview with Turner Sports executive VP Craig Barry on Eleague's goals, approach, and partnership with Twitch
Discussion: VentureBeat and Forbes
Radio Free Europe/Radio Liberty:
Azerbaijan orders release of Radio Free Europe/Radio Liberty journalist Khadija Ismayilova on suspended sentence  —  Azerbaijan's Supreme Court has ordered that RFE/RL journalist Khadija Ismayilova be released from custody after reducing her prison term from 7 1/2 years in custody to a suspended term of 3 1/2 years.
Gene Maddaus / Variety:
In internal email late Tuesday, Viacom CEO Philippe Dauman reassures employees, reiterates intent to sell part of Paramount  —  Viacom CEO Philippe Dauman sent an email late Tuesday to all employees seeking to reassure them about the state of the company.  The email, obtained exclusively by Variety …
 
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 More News: 
Mădălina Ciobanu / Journalism.co.uk:
Multimedia storytelling platform Shorthand launches out of beta
Jonathan Shieber / TechCrunch:
Wickr Foundation invests in Whistler, a secure communications and education app for activists and reporters
Margaret Sullivan / Washington Post:
Obama administration promised transparency, but delivered opacity, stonewalling FOIA requests, punishing a whistleblower, and threatening a reporter with jail
 Earlier Picks: 
Karl Bode / Techdirt:
Reddit, Medium, Vimeo, and others urge FCC to formally evaluate broadband caps and zero rating