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BuzzFeed, once a rising star in digital media, has undergone major cuts in recent years as digital-native brands struggle to create sustainable business models. BuzzFeed News shutting down as ...
BuzzFeed CEO Jonah Peretti had been a long-standing champion of Buzzfeed News, explaining he made the decision to over-invest in the division "because I love their work and mission so much."
BuzzFeed News states in its editorial guide that "we firmly believe that for a number of issues, including civil rights, women's rights, anti-racism, and LGBT equality, there are not two sides" but also says that "when it comes to activism, BuzzFeed editorial must follow the lead of our editors and reporters who come out of a tradition of rigorous, neutral journalism that puts facts and news ...
In 2022, shareholders urged Peretti to shut down BuzzFeed News; two anonymous sources told CNBC that BuzzFeed News lost about $10 million annually. [28] On April 20, 2023, BuzzFeed under Peretti laid off 15% of its staff and shut down the BuzzFeed News division. In an email to staff on April 20, Peretti stated that the company overinvested in ...
BuzzFeed, Inc. is an American Internet media, news and entertainment company with a focus on digital media.Based in New York City, [2] BuzzFeed was founded in 2006 by Jonah Peretti and John S. Johnson III to focus on tracking viral content.
Buzzfeed News is set to close its doors after years of mounting financial difficulties, Buzzfeed CEO Jonah Peretti told staff Thursday morning, marking the end of a click-chasing, social-media ...
BuzzFeed News is shutting down. For premium support please call: 800-290-4726 more ways to reach us