Tuesday, May 24, 2016

The end of internet news as we know it...

1. "Gawker Founder Suspects a Common Financer Behind Lawsuits"

But in recent weeks, in the face of several new lawsuits brought against Gawker that are unrelated to Mr. Hogan’s case and seem to personally attack certain Gawker writers, Mr. Denton is having second thoughts. All of the new cases, like Mr. Hogan’s, were brought by Charles J. Harder, a Los Angeles-based litigator, working on a contingency basis, who has most likely run up huge legal bills and expenses. Gawker has said it has already spent as much as $10 million on its side of the case.

Mr. Denton has begun to question whether Mr. Harder has a benefactor, perhaps one of the many subjects of Gawker’s skewering coverage.

...

Mr. Denton is referring to a decision by Mr. Hogan’s legal team to abruptly drop one of the claims — for “negligent infliction of emotional distress” — from its case. That claim had a particularly special meaning: It was the one claim that required Gawker’s insurance company to pay for its defense as well as potential payouts in the case of a settlement.
2. "Vice promotes Josh Tyrangiel to oversee news, lays off current staff"

3. "Taken together, the reduced revenue projections and the shift to video signal a shift in the balance of power that favors entertainment over journalism. Many industry observers and some staff believe that BuzzFeed will eventually curtail or even jettison its news division in order to focus on more profitable revenue streams."