Digital Media Brief May 27

Published: May 27, 2016, 3:40 a.m.

In the news this week, Silicon Valley billionaire Peter Thiel admits to bankrolling Hulk Hogan’s lawsuit against Gawker Media. Vice Media lays off 20 staffers but plans to expand with offices in San Francisco and Hong Kong. And European Union regulators want streaming services like Netflix to fund local content.