BuzzFeed buys HuffPost, speculation is swirling about CBS News' Susan Zirinsky, and Wall Street loves adtech again. from Verizon, The Wall Street Journal first reported on Thursday.
The acquisition is entirely in stock, and Verizon will get a stake in BuzzFeed. Verizon will also invest cash in BuzzFeed. BuzzFeed CEO Jonah Peretti, who helped launch The Huffington Post, will run both BuzzFeed and HuffPost after the deal closes.Claire Atkinson reports that Susan Zirinsky is dropping some big hints that she is unhappy with aspects of her role, leading to speculation that there may be changes at the top of CBS News.
Sources said that she's passionate about producing, but administrative and financial aspects of her role are getting her down. Zirinsky stepped into the role in January 2019, becoming the first woman to lead a news division at a broadcast network. Speculation about who could replace her is mounting.