by Capitol Communicator | Dec 7, 2022 | Media, Upper Left Sponsored
BuzzFeed Inc will cut about 12% of its workforce to reduce costs, the online media company said, as it joins a growing number of U.S. firms that have taken similar measures in anticipation of a potential economic downturn, reports Reuters. As of Dec. 31, BuzzFeed had...
by Capitol Communicator | Mar 25, 2022 | Media, Upper Left Sponsored
BuzzFeed investors are reportedly pressuring CEO Jonah Peretti to close its entire money-losing news operation, reports the New York Post. Mark Schoffs, editor in chief of BuzzFeed News, and two of his top deputies quit in the latest sign of turmoil at the...
by Capitol Communicator | Mar 22, 2022 | Media, Top Right Sponsored
BuzzFeed News editor-in-chief Mark Schoofs is stepping down, along with at least two other top editors as the digital media company said it will be cutting jobs across the board. “After almost two rollicking and deeply fulfilling years as editor-in-chief, I’ve decided...
by Capitol Communicator | Jul 28, 2021 | Acquisitions, Media, Top Center Sponsored
BuzzFeed, a tech-powered media company for digital content and commerce for millennial and Gen Z audiences, will merge with 890 5th Avenue Partners, Inc. (“890”), a tech, media and telecom special purpose acquisition company, known as a SPAC. The transaction...
by Capitol Communicator | Nov 20, 2020 | Acquisitions, Media, Top Center Sponsored
Once they had digital media almost to themselves, reports The New York Times, but in a deal led by BuzzFeed founder Jonah Peretti, shown above, “two giants of the web plan to join forces to better compete in an increasingly crowded field. “After falling...
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