Vivek Ramaswamy speaks during the Conservative Political Action Conference, CPAC 2024, at National Harbor, in Oxon Hill, Md., Saturday, Feb. 24, 2024. Ramaswamy had purchased a 7.7% stake in Buzzfeed, the Pulitzer Prize-winning digital media outlet that went into restructuring …
“BuzzFeed has lost its way. I own stock because I believe BuzzFeed can still become a more valuable company than at its initial listing, but this requires a major shift in strategy,” Mr. Ramaswamy wrote. Hiring big names like Ms. Owens and Mr. Carlson would be expensive, so Mr. Ramaswamy suggested significant cuts to staff so BuzzFeed’s resources would go toward supporting the company’s “highest value” content.“Address your audience directly and candidly admit: We failed in our obligation to tell you the truth. By both omission and commission, we repeatedly lied on issues of national importance, and so did the rest of the media,” he wrote, referring to the Russia hoax against President Trump.
“I’m skeptical it makes business sense to turn BuzzFeed into a creator platform for inflammatory political pundits. And we’re definitely not going to issue and apology for our Pulitzer Prize-winning journalism,” Mr. Peretti responded.
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