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7:40 AM ET, August 29, 2014

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 Top News: 
David Case / GlobalPost:
Global Post staff pay tribute to slain colleague, journalist James Foley  —  Here's what James Foley meant to us  —  GlobalPost's editorial team pays tribute to our slain colleague and friend.  —  BOSTON — The scene is pure adrenaline.  —  First, you hear panicked rebels crying “Allahu Akbar” — God is great.
Felix Gillette / Businessweek:
An entire Hollywood-like industry has grown around YouTube creators; MCNs, agents and advertisers  —  Hollywood's Big-Money YouTube Hit Factory  —  When Brian Robbins first told people he was going full time into the YouTube (GOOG) business, his colleagues in Hollywood were incredulous.
Bloomberg:
California Lawmakers Strike Deal to Boost Film Tax Credit  —  California Governor Jerry Brown and lawmakers struck a deal to more than triple the tax credit for Hollywood studios to stem the flight of film and TV production to other states.  —  The $330 million annual subsidy …
Clifford Coonan / Hollywood Reporter:
China's biggest online video company, Youku Tudou, launches film division  —  China's Youku Tudou Launches Film Division  —  Internet video giant's newly formed Heyi Film Inc. is described as the “first online and offline film company”  —  China's biggest online video company Youku Tudou …
Discussion: Variety
Joe Pompeo / Capital New York:
Former NYT communications chief Robert Christie joins Alibaba as VP of International Media  —  Former Times comms chief heads to Alibaba  —  Robert Christie, the former communications chief of The New York Times Company, is joining the Chinese e-commerce giant Alibaba Group as vice president …
Discussion: @bobtheprguy
Michelle Castillo / Adweek:
Vice Director of global marketing Jonathan Hunt joins Vox as VP for marketing & partnerships  —  Vice's Director of Global Marketing Jonathan Hunt Heads to Vox  —  Will help company expand  —  Jonathan Hunt, who led Vice's global marketing efforts, is leaving his post to help Vox Media expand …
Discussion: @reckless, @bankoff, @lock and @voxmediainc
Agence France-Presse:
Anti-graft officers raid Hong Kong media tycoon's home  —  Hong Kong anti-corruption officials early Thursday raided the home of Jimmy Lai, an outspoken mogul whose media empire is often fiercely critical of Beijing.  —  The swoop comes at a time of growing disquiet in Hong Kong over the erosion …
Alastair Reid / Journalism.co.uk:
Report: Guardian maintains lead with most monthly web-only UK readers  —  The Guardian website is again the most widely read newspaper site in the UK according to new figures from the National Readership Survey (NRS), recording just under 8 million web-only readers in June 2014.
Discussion: Press Gazette and @wblau
Joe Pompeo / Capital New York:
Huffington Post hosting its first political debate, between Californian democrats  —  Huffington Post to host inaugural political debate  —  The Huffington Post is getting into the debate game.  —  The website will host an Oct. 6 showdown at California's San Jose State University between …
Discussion: @niemanlab and @huffpostmedia
Joe Pompeo / Capital New York:
At Condé Nast, editors clash with growing video division  —  Since early 2013, Condé Nast has been sinking resources into digital video via Condé Nast Entertainment, a division that creates web series and other video content for its magazine brands like Vanity Fair, Glamour, GQ and Wired.
John McDermott / Digiday:
Turns out traditional publishers do just fine with millennials  —  The conceit of a raft of new publishers is that traditional media companies have lost their way with young audiences.  —  And while it turns out many of the self-proclaimed millennial publications do attract proportionally …
 
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 More News: 
Eric Blattberg / Digiday:
Mashable turns to YouTube as branded video becomes the main focus of its monetization strategy
Rich Trenholm / CNET:
Samsung UHD TVs bringing Amazon 4K streaming from October, also adding Netflix 4K in Europe
Kim Masters / Hollywood Reporter:
Amid layoffs, Turner is seeking a programming chief to turn its broadcasting unit around
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