BuzzFeed 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,...
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 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 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 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 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 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 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 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 ArticleVivek 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 ArticleComplex Names Aria Hughes Editor-in-Chief Under New Ownership
Complex, which was acquired by Ntwrk in February, has named Aria Hughes editor-in-chief and Noah Callahan-Bever the new chief of content. Both will oversee the newsroom and content strategy of...
View ArticleIndependent to Take Over BuzzFeed Sites in UK, Ireland — Including HuffPost...
BuzzFeed on Thursday signed a licensing deal that will see its namesake U.K. website and other titles in Britain and Ireland taken over by Independent Digital News and Media. The pact also includes...
View ArticleBuzzFeed Sells Complex to Commerce Platform Ntwrk for $108.6 Million
Growing commerce platform Ntwrk has acquired Complex from BuzzFeed for $108.6 million in a merger intended to “define the future of commerce, digital media and music.” In addition to the all-cash...
View ArticleDefunct Ozy Media Sues Ben Smith, Semafor, Claims Theft of Trade Secrets
The shell of Carlos Watson’s Ozy Media on Thursday filed a lawsuit against Semafor co-founder Ben Smith, his news site and his former outlet, Buzzfeed, claiming that Smith stole trade secrets from the...
View ArticleFilmRise Acquires BuzzFeed Studios Library, Including ‘Hot Ones’ and...
FilmRise has secured worldwide digital media rights to a collection of content from the portfolio of brands under BuzzFeed Studios, which includes “Hot Ones” and the “Unsolved” franchise, Jonitha...
View ArticleBuzzFeed Burning Through Cash, Misses Estimates in Q2 With $77.9 Million in...
BuzzFeed ended June with $41.3 million in cash and cash equivalents, having burned through $14.5 million this year. The struggling digital media company that shuttered its news branch amid companywide...
View ArticleBuzzFeed CEO Aims for $150 Million From Sale of Complex Networks Assets (Report)
Two years after being acquired, the digital media firm looks like it's about to be sold for parts
View ArticleBuzzFeed Mulls Sale of Complex Networks 2 Years After Acquisition (Report)
The media company paid almost $300 million for the youth-focused firm
View ArticleBuzzFeed Has Until November to Get Stock Price Above $1 or Face Delisting...
Media company could get a 180-day extension after the deadline passes
View ArticleBuzzFeed’s Q1 Earnings Were as Rough as Promised With $67.2 Million in Revenue
The media company predicted a rocky report back in March, and sure enough, revenue fell 27% year-over-year
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