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:
Wall Street Journal, New York Times, CNNMoney, Vox Media Marketing, @rafat, @bankoff, @mmasnick, @film_girl, The Wrap, FishbowlNY, @mlcalderone, @reckless, The Awl, @dylan20, @rosslevinsohn, The Hill, @alexweprin, The Next Web, @brianstelter, Fortune, Hollywood Reporter, Variety, Broadcasting & Cable, @dangillmor, @fulldradio, @lock, @mlcalderone, Deadline, Media & Entertainment, TechCrunch, Business Insider and NetNewsCheck Latest
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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:
@fmanjoo, @fmanjoo, @fmanjoo, @benjilanyado, @thestalwart, @michaelroston, @pkafka, @mathewi, @jledbetter, @edmundlee, @gawker, The Wrap, Business Insider, FishbowlNY, @adamweinstein, AdExchanger, @jyarow, @mims, @gaberivera, @abeaujon and @chrismsutcliffe
Jeff Jarvis / The New York Observer:
While newsrooms shrink, journalists continue to parrot each others' coverage when they should focus on unique value to communities — Amid Constant Layoffs, Journalists Should Stop Parroting Each Other — Ever dwindling numbers of journalism professionals must provide unique value, not the 101st take
Discussion:
@abrams, @nbj914, @picardonhealth, @alexburnsnyt, @jesuisraphk, @davezatz and @steveouting
Alexander Spangher / New York Times:
Inside the New York Times effort to rethink its recommendation system for articles, using topics and collaborative modeling — Building the Next New York Times Recommendation Engine — The New York Times publishes over 300 articles, blog posts and interactive stories a day.
Thanks:@steverubel
Josh Constine / TechCrunch:
Facebook plans to open Mentions, which houses Periscope competitor Live, to all verified profiles, many of which belong to journalists — Facebook Confirms Live Broadcasting Will Soon Open To Journalists And Verified Profiles — Facebook plans to open up its Periscope livestreaming competitor to more than just celebrities.
Discussion:
The Next Web, Engadget and The Drum
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:
@franklomonte, USA Today and @knightfdn
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:
News Corp, @joepompeo, The Wrap, Politico, @amir, Bloomberg Business and Talking Biz News
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, Re/code, The Verge, Quartz, Fast Company, Fortune, The Drum, TechCrunch, Variety and The Next Web
Celena Chong / Business Insider:
Russia bans Reddit because a thread gave advice on how to grow psilocybe mushrooms — Russia bans Reddit over shrooms — The Russian government has officially banned Reddit, one of the most popular sites on the internet. — Unless Russian users take advantage of VPN to bypass the website blocks …
Discussion:
Engadget, TechCrunch, The Tech Portal, International Business Times and Techdirt
Bloomberg Business:
Amid sinking stock price, analysts question Viacom's earlier stock buybacks and lack of digital and tech investment — Viacom CEO Dauman Loses $3.4 Billion Betting on His Own Company — Philippe Dauman, president and chief executive officer Viacom Inc. Photographer: Scott Eells/Bloomberg
Discussion:
Deadline
Todd Shields / Bloomberg Business:
FCC's proposal could help cable companies in disputes with broadcasters by freeing them to carry out-of-town TV stations — Cable May Gain Edge in Fee Disputes With Local Broadcasters — A regulator's proposal could help cable companies during fee disputes with local broadcasters by freeing …
Discussion:
FCC.gov, Variety, Deadline, Broadcasting & Cable, Multichannel News and Multichannel News
AAP:
Fairfax Media posts full-year net profit of $83.2M, 62.9% decline YoY; revenue from digital real estate advertising up 45% in same period — Fairfax profit down, digital income soars — Related Content — Fairfax's full year profit has slumped by more than 60 per cent …
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ABC, National Business Review, Guardian and Sydney Morning Herald
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