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Digital media promised revolution. And a bloody business it's been

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Column: BuzzFeed News is the latest victim of a digital revolution that confused 'new' with 'sustainable.' And the rank-and-file, not CEOs, are left to face the blade

Not surprisingly, all manner of digital media have been experiencing their own Great Terror — mass layoffs from media companies as varied as Google and Yahoo, Vice and Vox echo the ongoing layoffs and closures of print publications across the country, the culmination of a cycle begun more than a decade ago.

What do we do? Hell if I know. I’m writing this for a legacy media company that was saved at literally the 11th hour by a billionaire who believes journalism matters; in the years since then, every member of this staff has done their level best to make him not regret it. I hope it is working.

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BuzzFeed News Is Shutting Down, Company Laying Off 180 StaffersBuzzFeed is shutting down BuzzFeed News because it is not able to turn a profit, according to a memo CEO Jonah Peretti sent to company staff Thursday. The digital publisher is laying off 15% of its employees, or about 180 people, across BuzzFeed News and other divisions. Going forward, BuzzFeed will concentrate its news efforts […]
Source: YahooNews - 🏆 380. / 59 Read more »