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4:55 AM ET, August 12, 2014


 Top News: 
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.
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.
Erin Griffith / Fortune:
Jonah Peretti, Ze Frank, and Jonathan Perelman talk about vision for BuzzFeed Motion Pictures  —  BuzzFeed's big secret: Video is taking over  —  Buried in the news that BuzzFeed raised $50 million in new funding on Monday is the fact that the 550-person company has reorganized itself.
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  —  How Jonah Peretti and BuzzFeed Got to $850 Million  —  We passed the billion dollar mark awhile ago.  Today a hot tech company is worth multiple billions of dollars, easily.
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.
Mat Honan / Wired:
If you like everything on Facebook, brands and content mills like Upworthy dominate News Feed  —  I Liked Everything I Saw on Facebook for Two Days.  Here's What It Did to Me  —  There's this great Andy Warhol quote you've probably seen before: “I think everybody should like everybody.”
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.
Sarah Buhr / TechCrunch:
BeachMint Gets Lucky In Joint Venture With Conde Nast  —  E-commerce platform BeachMint announced it will take over all operations for Lucky Magazine today.  The takeover is part of a newly formed joint venture between BeachMint and magazine publishing giant Conde Nast.
Katharine Murphy / Guardian:
Australia's national security proposals will criminalise journalists, says union  —  Media Entertainment and Arts Alliance joins media companies to warn of ‘chilling effect’ on Australia's public-interest journalism  —  Australia's media union has warned the Abbott government's looming …
Discussion: @ms_em_ and @castancentre
Nick Summers / The Next Web:
Ghost gives its blogging platform a huge upgrade before moving to a 2-4 week release cycle  —  Ghost has updated its open-source blogging platform with a bevy of technical improvements that should help it to compete with established competitors such as WordPress, Tumblr and Medium.
Hannah Francis / The Australian:
Australian telecommunications company Telstra acquires video platform Ooyala for $270M  —  Telstra to buy video platform Ooyala for $291m  —  Telstra has thrown another $US270m ($290.9m) at video streaming and analytics platform Ooyala to acquire 98 per cent of the company, subject to US regulatory approval.
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 More News: 
Lucia Moses / Digiday:
Yahoo Finance reboots with unpaid contributor network on Tumblr
Jenny Rogers / City Desk:
Stephen Smith Is Out at Washington Examiner
Mark Sweney / Guardian:
BSkyB takes on rivals with weekly pay-as-you-go sports online tariff
 Earlier Picks: 
Todd Spangler / Variety:
Demand Media Hires Sean Moriarty, Ex-CEO of Ticketmaster, as Chief Exec
Discussion: The Wrap
Tanveer Ali / Columbia Journalism Review:
Local news outlets are joining the data journalism bandwagon