BuzzFeed, and the digital media business, faces its moment of truth - Business Insider

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BuzzFeed is facing its biggest test as the coronavirus squeezes media

Hello and welcome to this week's Advertising & Media Insider newsletter, where we spotlight the week's top ad and media stories. I'm Lucia Moses, deputy editor here.This past week I did some reporting on BuzzFeed's fate coming out of the pandemic. A lot of people are fascinated by BuzzFeed, for good reason — it was one of the first digital media companies to raise outsized amounts of funding, and from a legacy media company, in this case, NBCUniversal.

BuzzFeed's CEO Jonah Peretti saw around the corner earlier this year when the coronavirus pandemic began to strike the US. He was an early mover in mandating that employees work remotely and cut pay, a common lever used to avoid demoralizing and disruptive layoffs. But some like Domino's and Chipotle are thriving because they invested in home delivery and pickup early and shifted their marketing messages accordingly, my colleagues Patrick Coffee and Tanya Dua reported.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

I didn’t realize Buzzfeed was even still around.

Journalism in general is unessential.

For the first time even Google is worst hit from add Business .

They should learn to do something synonymous with programming that rhymes with ode.

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