Vivek Ramaswamy Acquires 7.7% Activist Stake in BuzzFeed, Former GOP Hopeful...
Vivek Ramaswamy, the tech entrepreneur and former Republican presidential hopeful, has acquired a 7.7% activist stake in BuzzFeed in an attempt to “shift” the struggling media company’s strategy....
View ArticleVivek Ramaswamy Calls for New Buzzfeed Board Members, Heavy Cost-Cutting...
Vivek Ramaswamy is already laying out his vision for BuzzFeed, urging heavy cuts, a strategy shift and additional board seats, according to a letter sent by the former GOP presidential candidate who...
View ArticleComplex Acquires Family Style Food Festival as New Culinary Vertical
Complex is redefining its food-centric content, acquiring Family Style Food Festival to serve as the site’s culinary vertical in response to BuzzFeed holding on to First We Feast post-sale. Complex...
View ArticleBuzzFeed Promotes Richard Alan Reid to Studio President
BuzzFeed has promoted executive vice president Richard Alan Reid to studio president as BuzzFeed Studios is set to absorb the video division of its parent company. Reid has served as EVP, Head of...
View ArticleBuzzfeed Sells ‘Hot Ones’ Studio for $82.5 Million to Sean Evans, Crooked...
Buzzfeed is getting out of the hot wings game. The media company has sold First We Feast, the studio behind the viral YouTube series “Hot Ones,” to a group of investors that include the production...
View ArticleBuzzFeed Expresses ‘Substantial Doubt’ It Can Stay in Business, Citing...
BuzzFeed, the digital media empire that captured the attention of millennials in the mid-2010s through shareable listicles, viral video content and more, expressed “substantial doubt” Thursday about...
View ArticleByron Allen Buys $120 Million Majority Stake in BuzzFeed, Will Become CEO
Byron Allen is acquiring a majority stake in BuzzFeed for $120 million and taking over as CEO. BuzzFeed said Monday it has entered into a transaction agreement with Allen Family Digital, an affiliate...
View ArticleInside Byron Allen’s Plan to Turn Around BuzzFeed With a Free TV ‘Super App,’...
Allen Media Group founder Byron Allen is making big moves to expand his media empire. On Monday, the local TV affiliate station and Weather Channel owner took a 52% stake in BuzzFeed in a $120 million...
View ArticleBuzzFeed to Lay Off 35% of Workforce After Byron Allen Takeover
BuzzFeed will lay off approximately 180 employees across BuzzFeed, HuffPost and Tasty in the first major restructuring since Byron Allen took control of the digital media company earlier this year....
View ArticleBuzzFeed Layoffs Cut HuffPost National Desk to 3 Reporters
HuffPost’s National desk has been reduced to three reporters as BuzzFeed’s latest round of layoffs took effect Monday. Management laid off 10 members of the HuffPost Union in total. Jessica Schulberg,...
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