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5:35 AM ET, August 13, 2015

Mediagazer

 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.
RELATED:
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
Alexander Spangher / New York Times:
Inside the New York Times effort to rethink its recommendation system for articles, using topics and collaborative modeling  —  Building the Next New York Times Recommendation Engine  —  The New York Times publishes over 300 articles, blog posts and interactive stories a day.
Discussion: @margarita, Thanks:@steverubel
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
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: @franklomonte, USA Today and @knightfdn
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.
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 …
Bloomberg Business:
Amid sinking stock price, analysts question Viacom's earlier stock buybacks and lack of digital and tech investment  —  Viacom CEO Dauman Loses $3.4 Billion Betting on His Own Company  —  Philippe Dauman, president and chief executive officer Viacom Inc. Photographer: Scott Eells/Bloomberg
Discussion: Deadline
Todd Shields / Bloomberg Business:
FCC's proposal could help cable companies in disputes with broadcasters by freeing them to carry out-of-town TV stations  —  Cable May Gain Edge in Fee Disputes With Local Broadcasters  —  A regulator's proposal could help cable companies during fee disputes with local broadcasters by freeing …
AAP:
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 …
 
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 More News: 
Joseph Lichterman / Nieman Lab:
Cory Bergman of NBC's Breaking News talks about how the app uses news alerts
 Earlier Picks: 
New York Times:
The Defense Department labels combat journalists “unprivileged belligerents” makes their work more dangerous and subject to censorship
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