News Formal

Buzzfeed News Shutting Down as Part of Company-Wide Reduction

  • 📰 nbcbayarea
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

NEW: Buzzfeed News is shutting down, according to an email to staff from CEO Jonah Peretti, who says the decision is part of a companywide workplace reduction.

Peretti said that he had"overinvest" in Buzzfeed News because he loved its work and that the company"can no longer continue to fund BuzzFeed News as a standalone organization."

"This made me slow to accept that the big platforms wouldn’t provide the distribution or financial support required to support premium, free journalism purpose-built for social media," he wrote. The company will concentrate its news efforts on HuffPost and have a number of open roles for Buzzfeed News members in HuffPost and Buzzfeed.com, per Peretti.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 596. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BuzzFeed News To Shut Down As Digital Media Company Cuts Workforce By 15%BuzzFeed News, which earned as reputation as a scrappy news-breaking digital rival to legacy media brands, is shutting down. Jonah Peretti, the CEO of BuzzFeed, announced to staffers in a memo on T… 🥵🥵🥵 Didn't they say they were going ChatGPT a few months ago? ClownfishTVcom called it a few months ago on their YouTube channel! Right - AGAIN!
Source: DEADLINE - 🏆 109. / 63 Read more »