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11:20 AM ET, August 12, 2014


 Top News: 
Felix Salmon / Medium:
Don't compare BuzzFeed's valuation to newspapers'; compare it to agencies, reaching young, mobile, social audiences  —  Normally, when some big deal is announced in the business world, a rah-rah press release goes out and then smart journalists start explaining what's really going on.
Caroline O'Donovan / Nieman Journalism Lab:
With $50 million, BuzzFeed growth calls for sharper lines between news and the other stuff  —  The New York Times' Mike Isaac was the first to report late Sunday night that BuzzFeed had raised $50 million in new venture funding from Andreessen Horowitz. … The story was followed by a chorus of blog posts and press releases.
Peter Kafka / Re/code:
A16Z's Chris Dixon: BuzzFeed, which could reach 10X-100X the audience of past media empires, is a bargain at $850M valuation
Joel Mathis / Philadelphia Magazine:
The Long Fall of Philly Newspapers  —  Oh, what an ugly difference a dozen years can make.  —  At the beginning of the 21st century, the newspaper business was a happy one, fed by fat profit margins and a lack of competition in most cities.  Philadelphia was no different: Yes …
Jack Mirkinson / The Huffington Post:
Journalists Face Tear Gas, Police Threats While Covering Protests Against Killing Of Michael Brown  —  Journalists encountered a threatening response from police as they tried to cover the protests in Ferguson, the Missouri town that has been upended by the police killing of Michael Brown, an unarmed black teenager.
Jezebel staff accuse Gawker of not dealing with trolls posting violent porn images in comments  —  We Have a Rape Gif Problem and Gawker Media Won't Do Anything About It  —  Working at Gawker Media is a dream job for many of the women on staff here at Jezebel.
Dominic Ponsford / Press Gazette:
Sun crime reporter Anthony France to face trial for conspiracy to commit misconduct in public office  —  The Crown Prosecution Service today announced that Sun crime reporter Anthony France is to be charged with conspiracy to commit misconduct in a public office.
Ben Livesey / Bloomberg:
Pandora Climbs After Report Says It Could Be a Target  —  Pandora Media Inc. (P), the biggest internet radio service, rose after a report said the company could attract buyout interest.  —  Shares of the Oakland-based company gained 4.2 percent to $26.38 at the close in New York …
Discussion: and Benzinga
Joe Pompeo / Capital New York:
Standalone Tribune Publishing Q2 earnings: $15.2M net income; ad revenue down, circ revenue up  —  Standalone Tribune Publishing reports an earnings slide  —  Tribune Publishing began life as a standalone newspaper company with a dip in earnings and revenues for the second quarter of 2014.
Georg Szalai / Hollywood Reporter:
Tribune Media Q2 earnings: $82.9M, with growth in retransmission fee revenue  —  Tribune Media Second-Quarter Earnings Rise  —  CEO Peter Liguori touts retransmission fee increases and upcoming political advertising opportunities  —  Tribune Media Co. on Tuesday reported improved second-quarter earnings …
Discussion: Wall Street Journal
Associated Press:
Turkish journalist killed in Iraq during clashes  —  ANKARA, Turkey (AP) — A journalists' rights group says a Turkish journalist has been killed in Iraq during clashes between Islamic militants and Kurdish Peshmerga forces and has demanded an investigation into the circumstances of her death.
Nick Summers / The Next Web:
Xbox One to offer TV streaming on SmartGlass, video playback via USB and DLNA network streaming  —  Just before its Gamescom presentation kicked off, Microsoft announced some hefty updates for its Xbox One video game console affecting some of the core apps, SmartGlass and live TV.
James Poniewozik / TIME:
Hashtag activism after a fatal police shooting serves as grassroots media criticism  —  IfTheyGunnedMeDown and What Hashtag Activism Does Right  —  Social media protests have their limits, but one thing they're very, very good at is grassroots media criticism.  —  The injury, a deadly one, came first.
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 More News: 
Wall Street Journal:
Amazon's dispute with Disney is about recovering losses due to price matching from studios, promotion and product placement costs
Discussion: @jyarow
Hannah Francis / The Australian:
Australian telecommunications company Telstra acquires video platform Ooyala for $270M
Nick Summers / The Next Web:
Ghost gives its blogging platform a huge upgrade before moving to a 2-4 week release cycle
Lucia Moses / Digiday:
Yahoo Finance reboots with unpaid contributor network on Tumblr
Discussion: @digiday
 Earlier Picks: 
Jenny Rogers / City Desk:
Stephen Smith Is Out at Washington Examiner
Discussion: @jennyrogersdc
Mark Sweney / Guardian:
BSkyB takes on rivals with weekly pay-as-you-go sports online tariff
Sarah Buhr / TechCrunch:
BeachMint Gets Lucky In Joint Venture With Conde Nast
Mat Honan / Wired:
If you like everything on Facebook, brands and content mills like Upworthy dominate News Feed