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.
Discussion:
New York Times, FishbowlNY, The Awl, The Wrap, Media & Entertainment, Broadcasting & Cable, Deadline, TechCrunch, Vox Media Marketing, @mmasnick, StreamDaily, NetNewsCheck Latest, Hollywood Reporter, Variety, @reckless, @rafat, Fortune, @lock, @mlcalderone, @dylan20, @brianstelter, @bankoff, @fulldradio, @film_girl, The Next Web, @mlcalderone, @dangillmor, @rosslevinsohn, @alexweprin and Business Insider
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 …
Discussion:
@michaelroston, FishbowlNY, @gawker, Business Insider, @fmanjoo, @mims, @adamweinstein, @fmanjoo, @thestalwart, @pkafka, @jyarow, @jledbetter, @edmundlee, @abeaujon, @gaberivera, @fmanjoo, @benjilanyado, @mathewi, @chrismsutcliffe and The Wrap
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.
Zack Guzman / CNBC:
News Corp beats Q4 expectations with earnings of $0.07/share, misses on revenue with $2.14B — News Corp earnings: 7 cents per share, vs expected EPS of 5 cents — This is breaking news. Please check back for updates. — News Corp. delivered quarterly earnings that topped analysts' expectations …
Discussion:
Politico, The Wrap, News Corp, @joepompeo, @amir, Bloomberg Business and Talking Biz News
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 …
Discussion:
TechCrunch, Nieman Lab, @petersterne, Fortune and Medium
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.
Discussion:
Medium, Fast Company, Re/code, The Verge, Quartz, The Drum, TechCrunch, Variety, Fortune and The Next Web
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.
Discussion:
Chicago Tribune, bizjournals, Business Wire, Wall Street Journal, USA Today and Hollywood Reporter
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 …
Discussion:
Ad Age, Plagiarism Today, Music Business Worldwide, Music Week and Guardian
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.
Discussion:
@apentertainment, @ryotnews and RYOT News
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 …
Discussion:
Economist, Economist Group, The Atlantic, New York Times, Guardian, Press Gazette, Globe and Mail, BBC, Independent.ie, City A.M., International Business Times, Agence France-Presse, Sky News, International Business Times, The Irish Times, Bloomberg Business, Hollywood Reporter, CNBC, Wall Street Journal, Associated Press, Telegraph, Reuters and Variety
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