BuzzFeed 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 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 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 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 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 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 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 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...
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