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 Hill, Vox Media Marketing, The Awl, The Wrap, @rafat, Fortune, @lock, @mlcalderone, Variety, StreamDaily, @dylan20, Broadcasting & Cable, Hollywood Reporter, @brianstelter, @bankoff, @fulldradio, @mmasnick, @film_girl, The Next Web, @mlcalderone, @reckless, @dangillmor, @rosslevinsohn, @alexweprin, Media & Entertainment, Deadline, 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:
@gawker, Business Insider, @fmanjoo, @adamweinstein, @fmanjoo, @thestalwart, @pkafka, FishbowlNY, @jledbetter, @edmundlee, @fmanjoo, @benjilanyado, @michaelroston, @mathewi, The Wrap, @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:
@nbj914, @alexburnsnyt, @davezatz, @picardonhealth, @jesuisraphk, @abrams and @steveouting
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
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, News Corp, The Wrap, Bloomberg Business, @amir, @joepompeo and Talking Biz News
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
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:
Re/code, Medium, The Verge, Fast Company, Quartz, TechCrunch, Variety, Fortune, The Next Web and The Drum
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 …
Discussion:
Guardian, Sydney Morning Herald, ABC and National Business Review
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.
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, The Tech Portal, TechCrunch, International Business Times, Techdirt 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.
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
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