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3:10 PM ET, January 3, 2013


 Top News: 
Jason Del Rey / AdAge:
Buzzfeed Raises $19.3 Million to Make LOL Content for the Social Web  —  Building a Giant War Chest That Signals Greater Ambitions  —  Buzzfeed set out to re-invent the notion of content for the social web by allowing pictures of cute animals to co-exist with serious political coverage.
Alyson Shontell / Business Insider:
BuzzFeed Is Now Valued At ~$200 Million, But Investors Think It Has Billion-Dollar Potential  —  BuzzFeed, a media company that makes viral content, announced a $19.3 million fundraise this morning.  —  Last January, it announced a $15.5 million round, and it has raised $46.3 million to date.
Patrick Smith / TheMediaBriefing:
Cats, politics, $46 million in funding and a UK launch: It's time to start taking Buzzfeed seriously
Discussion: Bloomberg and VatorNews
Michael Calderone / The Huffington Post:
Time Warner Cable Drops Current TV Upon Sale To Al Jazeera  —  NEW YORK — Time Warner Cable pulled the plug on Current TV just hours after news of the cable channel's sale to Al Jazeera became official.  “This channel is no longer available on Time Warner Cable,” read an on-screen message where Current TV used to be found.
Brian Stelter / Media Decoder:
Al Jazeera Seeks a U.S. Voice Where Gore Failed  —  Al Jazeera, the pan-Arab news giant, has long tried to convince Americans that it is a legitimate news organization, not a parrot of Middle Eastern propaganda or something more sinister.  It just bought itself 40 million more chances to make its case.
Nicholas Carlson / Business Insider:
Glenn Beck Tried To Buy Al Gore's Current TV, Which Instead Sold To Al-Jazeera For $500 Million
Discussion: The Wrap, @mlcalderone and TVNewser
Felix Salmon:
Andrew Sullivan goes it alone  —  The big media news of the day is that Andrew Sullivan is taking his team, going independent, and running the Daily Dish as a standalone business.  It's a risky move, but it's not that risky.  And I like the direction he's moving in, for a number of reasons.
Adi Robertson / The Verge:
Andrew Sullivan raises over $100,000 for ad-free blog in first six hours  —  Shortly after announcing that he would be leaving The Daily Beast and moving to a purely subscription-based business model, blogger Andrew Sullivan says he has seen “amazing” results.  “We're well into the six figures,” he tells TechCrunch.
Jeff Bercovici / Forbes:
The Atlantic Will Experiment With Online Pay Models In 2013  —  The Atlantic is two things every legacy publishing company would like to be: profitable and more reliant on digital advertising revenues than on print.  But while that may have been good enough in 2012, for 2013 the magazine has a new goal …
Leslie Kaufman / Media Decoder:
Barnes & Noble Reports Tepid Holiday Sales  —  9:44 a.m. |  Updated Barnes & Noble on Thursday reported disappointing holiday sales for the nine-week period ending Dec. 29, particularly for its struggling e-reader business.  —  Retail sales from the company's bookstores and its Web site …
Nat Ives / AdAge:
Digital Cracks 50% of Ad Revenue at Wired Magazine  —  First for the Title Is an Encouraging Sign for the Industry  —  Digital contributed half of all ad revenue at Wired magazine in the final three months of 2012, a first for the title and an encouraging sign for an industry …
Michael Calderone / The Huffington Post:
Washington Post Video Channel To Launch Online  —  NEW YORK — The Washington Post announced plans Thursday to launch an online political channel in Summer 2013.  Marty Baron, who took over this week as the paper's executive editor, told staff in a memo that the channel's …
Andrew Beaujon / Poynter:
Journal News will screen incoming mail after it receives suspicious powder  —  An envelope containing powder was opened by a Journal News employee Wednesday.  “Emergency officials secured the room and the envelope, and the employee underwent decontamination procedures,” John W. Barry reports.
Discussion: and The Raw Story
Brian Stelter / Media Decoder:
Michele Norris to Return to NPR in New Role  —  Updated Michele Norris, the NPR host who took a 15-month leave of absence while her husband worked for the Obama campaign, will return to the public radio network in February, NPR said Thursday.  —  But Ms. Norris, one of NPR's most familiar voices …
Discussion: JIMROMENESKO.COM and FishbowlDC
Josh Halliday / Guardian:
Five officers in Met's phone-hacking probe face misconduct allegations  —  Five police officers and a civilian worker involved in the Metropolitan police's phone-hacking investigation have faced misconduct allegations, Scotland Yard has confirmed.  The group included three detective constables …
Discussion: PressGazette and The Sun
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 More News: 
Andy McSmith / The Independent:
Plans for the Privy Council to regulate Britain's newspapers
Christine Haughney / New York Times:
Maxim Recruits a Readership in Uniform
Dylan Byers / Politico:
Sunshine on the paywall horizon
Discussion: Financial Times
 Earlier Picks: 
Steve Friess / Politico:
C-SPAN apologizes for racy show titles
Richard Verrier / Los Angeles Times:
Hollywood keeps its tax break in ‘fiscal cliff’ deal
Discussion: The Wrap
Andrew Beaujon / Poynter:
Culture Editor Jonathan Landman to leave NYT
Discussion: FishbowlNY and The Wrap
NY Times loses bid to uncover details on drone strikes
Discussion: New York Times, Gothamist and Politico
Jim Romenesko:
Boston Globe shutters its New York City sales office