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11:35 PM ET, August 12, 2015


 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.
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 …
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
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
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.
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 …
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 …
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 …
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Bryan Logan / Business Insider:
Tinder just lost its mind on Twitter over a Vanity Fair story
Henry Mance / Financial Times:
Pearson sells 50% stake in Economist Group for £469M; Exor becomes largest single shareholder with 43% stake
Ryan Faughnder / Los Angeles Times:
Rdio to add 460 AM/FM stations owned and operated by Cumulus Media to its service Wednesday amid increasing competition