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Articles for Buzzfeed, search results for huffpost

BuzzFeed News to be shuttered in corporate cost cutting move
1 year, 8 months ago

BuzzFeed News to be shuttered in corporate cost cutting move

Associated Press  

Pulitzer Prize winning digital media outlet BuzzFeed News is being shut down as part of a cost-cutting drive by its corporate parent that’s shedding about 15% of its entire staff, adding to layoffs made earlier this year. In a memo sent to staff, Buzzfeed Inc. co-founder and CEO Jonah Peretti said Thursday that in addition to the news division, layoffs …

Buzzfeed Peretti Buzzfeed News Corporate Cost
BuzzFeed News shutting down as company cuts staff. Journalists ‘heartsick’
1 year, 8 months ago

BuzzFeed News shutting down as company cuts staff. Journalists ‘heartsick’

LA Times  

BuzzFeed CEO Jonah Peretti celebrates with team members as he rings the bell during BuzzFeed Inc.’s listing day. “While layoffs are occurring across nearly every division, we’ve determined that the company can no longer continue to fund BuzzFeed News as a standalone organization,” Peretti said. “I’m heartsick personally,” said Ben Smith, who once ran BuzzFeed News and now is editor …

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BuzzFeed shutters its newsroom as the company undergoes layoffs
1 year, 8 months ago

BuzzFeed shutters its newsroom as the company undergoes layoffs

NPR  

BuzzFeed shutters its newsroom as the company undergoes layoffs Enlarge this image toggle caption Nicholas Kamm/AFP via Getty Images Nicholas Kamm/AFP via Getty Images BuzzFeed is shutting down its Pulitzer Prize-winning news division as part of a 15% reduction in force across the company, BuzzFeed CEO and co-founder Jonah Peretti announced. "While layoffs are occurring across nearly every division, we've …

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BuzzFeed, valued at $1.5 billion, plans to go public through SPAC
3 years, 6 months ago

BuzzFeed, valued at $1.5 billion, plans to go public through SPAC

LA Times  

BuzzFeed, the digital media company known for its irreverent lifestyle and entertainment content, is going public. “We’ve built a slate of essential brands, loved by the most diverse, engaged and loyal audience on the Internet,” BuzzFeed Chief Executive Jonah Peretti said in a statement. BuzzFeed and 890 Fifth Avenue Partners said the deal positions BuzzFeed to add more businesses to …

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BuzzFeed buying HuffPost from Verizon for undisclosed price
4 years, 1 month ago

BuzzFeed buying HuffPost from Verizon for undisclosed price

Associated Press  

BuzzFeed is buying HuffPost from Verizon as part of a bigger deal that has the wireless giant investing in the digital-media company. “I have vivid memories of growing HuffPost into a major news outlet in its early years, but BuzzFeed is making this acquisition because we believe in the future of HuffPost and the potential it has to continue to …

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BuzzFeed to buy HuffPost from Verizon
4 years, 1 month ago

BuzzFeed to buy HuffPost from Verizon

LA Times  

BuzzFeed Inc. will buy the HuffPost online news service from Verizon Communications Inc., marking the latest shake-up for new-media publishers. BuzzFeed and Verizon’s media arm also agreed to syndicate each other’s content in a broader partnership, the companies said in a statement Thursday. “I have vivid memories of growing HuffPost into a major news outlet in its early years, but …

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BuzzFeed buys HuffPost to take on Facebook and Google
4 years, 1 month ago

BuzzFeed buys HuffPost to take on Facebook and Google

The Telegraph  

BuzzFeed will buy its digital media rival HuffPost as part of a new deal with Verizon Media, in a bid to jump start revenue growth. Neither HuffPost’s valuation nor financial terms were disclosed, but Verizon Media has made an undisclosed cash investment in BuzzFeed. Both BuzzFeed and HuffPost’s advertising revenue has been hammered by tech giants like Facebook and Google, …

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