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2:40 AM ET, May 25, 2016

Mediagazer

 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 …
Todd Sherman / The Twitter Blog:
Twitter won't count photos, videos, @names in replies toward 140 characters “in the coming months”, will allow self-retweets, touts improved onboarding metrics  —  Over the past decade, the Tweet has evolved from a simple 140-character text message to a rich canvas …
Alan Rappeport / New York Times:
Over 400 writers including Stephen King, David 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.
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.
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 …
Discussion: The Wrap
RELATED:
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 …
Mike Minotti / VentureBeat:
Interview with Turner Sports executive VP Craig Barry on Eleague's goals, approach, and partnership with Twitch  —  One of the biggest names in cable television is getting into esports, and it think it can do a better job than current leagues.  —  Turner's Eleague, which will feature Counter-Strike …
Discussion: Forbes
RELATED:
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
Mark Sweney / Guardian:
Many senior Daily Telegraph staff members fired, including deputy editor Liz Hunt  —  String of senior staff cuts follow announcement that publisher is seeking to reduce costs  —  The Telegraph has started a round of targeted cuts of senior newsroom staff including deputy editor Liz Hunt …
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 …
Jonathan Shieber / TechCrunch:
Wickr Foundation invests in Whistler, a secure communications and education app for activists and reporters  —  Earlier today at the Oslo Freedom Forum, the Wickr Foundation, a nonprofit organization dedicated to private communication and uncensored information, announced its first investment …
Margaret Sullivan / Washington Post:
 
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 More News: 
Karl Bode / Techdirt:
Reddit, Medium, Vimeo, and others urge FCC to formally evaluate broadband caps and zero rating
Variety:
George Grobar named COO of Penske Media Corp., the company behind publications like Variety
Discussion: WWD, Folio, Media Wire Daily and FishbowlNY
Alex Hern / Guardian:
How the misuse of copyright law enabled a negative review thread about a building firm to be delisted by Google
Discussion: BGR and Techdirt
Chris O'Shea / FishbowlNY:
Ciel Hunter Named Vice's Head of Content
 Earlier Picks: 
Harrison Weber / VentureBeat:
Facebook buys VR audio company Two Big Ears and debuts “Facebook 360 Spatial Workstation”, a free software suite for designing spatial audio
Lucas Shaw / Bloomberg:
Networks are trying to lure audiences back from streaming services like Netflix by offering viewers on-demand access to current shows
Discussion: VideoNuze Analysis
Catalina Albeanu / Journalism.co.uk:
How the BBC used Yik Yak to get young people to talk politics and mental health
Josh Constine / TechCrunch:
Facebook's Continuous Live Video removes 90 min. limit on streams, but does not allow for replay or rewind, lets broadcasters target viewers by location and age