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UNCOVERED: 2 | History Defined

BuzzFeed to close news division, cut 15% of all staff

Pulitzer prize winning digital media company BuzzFeed will shut down its news division as it cuts about 15% of its entire staff

The Independent UK

BuzzFeed to shut down Pulitzer-winning news division

BuzzFeed to shut down Pulitzer-winning news division

Pulitzer Prize winning digital media company BuzzFeed will shut down its news division and cut another 15% of its staff across the company, adding to layoffs made earlier this year.

BuzzFeed to lay off 15% of staff and shut down news site

CEO Jonah Peretti said he ‘overinvested in BuzzFeed News’ and ‘can and will do better’

Evening Standard

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BuzzFeed News to close and parent company to make substantial layoffs

Chief executive Jonah Peretti says in company-wide email BuzzFeed ‘can no longer continue to fund BuzzFeed News’

The Guardian - US

BuzzFeed News to shut down

BuzzFeed cites management mistakes for company-wide struggles

BuzzFeed News is ‘beginning the process’ of closing down, CEO tells staff

BuzzFeed CEO Jonah Peretti told staff the ‘difficult news’ in an internal email on Thursday

The Independent UK

Is AI the future of Hollywood? How the hype squares with reality

For every problem you can think of, someone is out there pitching a solution that involves artificial intelligence. AI could help solve such intractable problems as climate change and dangerous work conditions, the technology's most eager boosters promise.

Los Angeles Times

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BuzzFeed just announced it's going to use A.I. to start creating content and the stock market loves it

BuzzFeed just announced it's going to use A.I. to start creating content and the stock market loves it

Buzzfeed's announcement about using OpenAI's technology comes a day after Meta said it would pay the media company millions to create content for Facebook and Instagram.

Concern as US media hit with wave of layoffs amid rise of disinformation

Concern as US media hit with wave of layoffs amid rise of disinformation

Wider economic uncertainty is behind cuts at companies including CNN, BuzzFeed and Gannett, executives say

The Guardian - US

BuzzFeed Q1 Earnings Highlights: Revenue Miss, Time Spent By Users Declines, Guidance And More

BuzzFeed Q1 Earnings Highlights: Revenue Miss, Time Spent By Users Declines, Guidance And More

Digital media company BuzzFeed (NASDAQ: BZFD) reported first quarter financial results after market close Monday. Here are the key highlights for investors.

Stock Wars: BuzzFeed Vs. Lee Enterprises

Stock Wars: BuzzFeed Vs. Lee Enterprises

Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment.

BuzzFeed offers buyouts to news division in effort to increase profitability

BuzzFeed offers buyouts to news division in effort to increase profitability

BuzzFeed News staffers on investigations, inequality, politics and science teams to be offered buyouts as top editors also depart

The Guardian - US

BuzzFeed cutting jobs, top editors leaving news division

BuzzFeed cutting jobs, top editors leaving news division

BuzzFeed is reorienting its news division as the digital media company strives to increase its profitability

The Independent UK

BuzzFeed News Division Loses Key Officials As It Looked To Trim Workforce

BuzzFeed News Division Loses Key Officials As It Looked To Trim Workforce

The BuzzFeed Inc (NASDAQ:BZFD) owned BuzzFeed News head, and two other top editors departed ahead of its newsroom cuts, the New York Times reports. Mark Schoofs, the editor in chief, Tom Namako, the deputy editor in chief, and Ariel Kaminer, the executive editor of investigations, departed from BuzzFeed’s news wing. Namako joined…

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Facebook Continues To Lose Out On User Time; Netherlands Data Center Plans Face Opposition

BuzzFeed Inc (NASDAQ:BZFD) CEO Jonah Peretti disclosed during its earnings call that he continued to see audiences spending less time on Meta Platforms Inc's (NASDAQ:FB) Facebook, CNBC reports. Peretti admitted that Facebook accounted for most of its audience traffic to its shopping content. However, the shift in audience time away from the app has…

BuzzFeed Ropes In Melanie Summers From Driver Studios As SVP, Consumer Products

BuzzFeed Inc (NASDAQ:BZFD) hired Melanie Summers, previously a chief brand officer of content licensing company Driver Studios, to the role of SVP of consumer products effective January 10, AdWeek reports. Summers will lead global brand licensing and product development efforts at BuzzFeed, which officially includes Complex Networks. Recently, CEO Jonah Peretti named…

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