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May 26, 2016, 1:05 AM
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Andrew Ross Sorkin / New York Times:
Peter Thiel acknowledges he spent around $10M to fund a team of lawyers to help Gawker “victims” like Hulk Hogan sue the company, in act of “deterrence”  —  A billionaire Silicon Valley entrepreneur was outed as being gay by a media organization.
Tom Warren / The Verge:
Report: Microsoft to announce a basic Chromecast-like Xbox streaming device and a more advanced option at E3  —  Microsoft is said to be planning to unveil new Xbox streaming devices at E3 next month.  The software giant has been considering an “Xbox TV” device for at least three years …
Kotaku:
Sources: Microsoft is planning a cheaper, smaller Xbox One for E3 and a more powerful model in 2017; possible partnership with Oculus in the works  —  Microsoft is preparing at least two new Xbox models for release in the next two years, sources tell Kotaku.
BBC:
Foxconn replaces 60K factory workers with robots, denies that it means long-term job losses  —  Apple and Samsung supplier Foxconn has reportedly replaced 60,000 factory workers with robots.  —  One factory has “reduced employee strength from 110,000 to 50,000 thanks to the introduction of robots” …
Bloomberg:
Sources: Google is aiming to reduce Android fragmentation by pressuring carriers, OEMs into pushing out updates more quickly  —  Web giant creates rankings that could shame ecosystem laggards  —  Friendly tactics also used to unify top phone operating system
David Muller / MLive.com:
Google to open a 53K square foot self-driving car development center in Novi, outside of Detroit  —  DETROIT - Google's self-driving car project will open a technology development center in Novi, John Krafcik, who heads the technology giant's autonomous vehicle program, announced on social media Wednesday.
Barb Darrow / Fortune:
Salesforce to spend $400M on Amazon Web Services over next four years according to 10Q statement and sources  —  We knew Salesforce and Amazon Web Services were getting cozy, ever since Salesforce's recent earnings call when its chief executive, Marc Benioff, effusively praised Amazon's cloud unit.

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From Mediagazer

Jennifer Maas / Variety:
Disney CEO Bob Iger says Marvel is going to reduce output and focus on quality by releasing “about two TV series a year” and a “maximum of three” films per year

Austin Fuller / Current:
NPR CEO Katherine Maher will not attend a US House committee hearing on May 8 looking at alleged NPR bias due to a schedule conflict, but offers to appear later

Joshua Benton / Nieman Lab:
A historical look at Pulitzer winners shows the decline of local and regional newspapers and the growth in online news outlets, especially at the local level

More News

Earlier Picks

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
Ingrid Lunden / TechCrunch:
Microsoft is laying off 1,850 to “streamline” its smartphone business, takes $950M charge
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