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8:35 PM ET, August 12, 2015

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 Top News: 
Peter Kafka / Re/code:
NBCU invests $200M in Vox Media, pre-money valuation of $850M; will invest $200M in BuzzFeed  —  NBCUniversal Buys Big Chunks of Vox Media and BuzzFeed  —  Last week Re/code reported that NBCUniversal was investing in BuzzFeed and Vox Media.  —  Now those deals are done, and NBCU and Vox Media are announcing their deal today.
J.K. Trotter / Gawker:
Internal documents: BuzzFeed had $46M revenue, $2.7M net profit, and spent $5.8M to boost traffic in the first half of 2014  —  Internal Documents Show BuzzFeed's Skyrocketing Investment in Editorial  —  Late last month, Recode reported that NBCUniversal is preparing to invest $250 million in BuzzFeed …
Knight Foundation:
CALmatters, a nonprofit covering California state government, gets $250K in matching funds from Knight Foundation  —  New journalism venture CALmatters will expand California political coverage with Knight Foundation support  —  CALmatters, a new public-interest journalism venture …
Discussion: USA Today, @franklomonte and @knightfdn
New York Times:
The Defense Department labels combat journalists “unprivileged belligerents” makes their work more dangerous and subject to censorship  —  The Pentagon's Dangerous Views on the Wartime Press  —  The Defense Department earlier this summer released a comprehensive manual outlining its interpretation of the law of war.
Peter Sterne / Politico:
Invite-only link-sharing service This. raises $610K after spinning off from Atlantic Media  —  Now spun off from Atlantic Media, ‘This.’ raises $610,000  —  Link-sharing service “This.” announced Tuesday that it has raised $610,000 in seed funding from a handful of angel investors …
Martin Beck / Marketing Land:
Periscope Has 10 Million Accounts With 40 Years Of Watch Time Daily  —  Twitter's live-streaming app hit the user milestone August 2, but says time watched daily is the better metric to judge how well it's doing.  —  Periscope, Twitter's live-streaming video app, now has 10 million accounts.
Joseph Lichterman / Nieman Lab:
Cory Bergman of NBC's Breaking News talks about how the app uses news alerts  —  Push it: How Breaking News notifies users of news stories before they become big  —  Editor's note: This is the second in a series of stories on how news organizations manage their mobile news alerts.
Joe Pompeo / Politico:
Tribune Publishing doing ‘top to bottom’ digital review  —  Tribune Publishing has initiated a “top to bottom” review of its digital business as it continues to struggle with revenue declines one year after it was spun off into its own publicly traded company.
Rob Price / Business Insider:
UK police report 73% decrease in top ad spending on piracy sites  —  Most big piracy sites don't charge their users a fee, but are still able to profit off of copyright infringement.  Why?  Because the operators plaster their pages in advertising.  —  But British police now say they are …
Derrik J. Lang / Associated Press:
Activist news organization Ryot releases virtual reality short film from within Aleppo town center in Syria  —  With virtual reality, a 360-degree view inside Syria  —  3 photos  —  LOS ANGELES (AP) — The latest frontier in virtual reality could be closer to reality than fantasy.
Henry Mance / Financial Times:
Pearson sells 50% stake in Economist Group for £469M; Exor becomes largest single shareholder with 43% stake  —  Pearson sells 50% stake in Economist Group for £469m  —  Pearson has agreed to sell its 50 per cent stake in the publisher of the Economist magazine for £469m in cash …
 
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Bryan Logan / Business Insider:
Tinder just lost its mind on Twitter over a Vanity Fair story
 Earlier Picks: 
Ryan Faughnder / Los Angeles Times:
Rdio to add 460 AM/FM stations owned and operated by Cumulus Media to its service Wednesday amid increasing competition
Brian Steinberg / Variety:
Fusion Adds Roku to Its List of Streaming Venues in Bid to Win New Viewers
Discussion: Yahoo! News and LostRemote
 

 
From Techmeme:

Alex Heath / The Verge:
Meta details Llama 3: 8B- and 70B-parameter models, a focus on reducing false refusals, and an upcoming model trained on 15T+ tokens that has 400B+ parameters

David Pierce / The Verge:
Google announces a new Platforms and Devices team overseeing Pixel, Android, Chrome, Photos, and more, to integrate AI across its products, led by Rick Osterloh

Ryan Morrison / Tom's Guide:
Microsoft researchers introduce VASA-1, an AI model that creates a realistic talking face video from a portrait photo and an audio file, in research preview
 
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