BuzzFeed Seeks to Raise $200 Million in Bid for Complex Networks (Report)
BuzzFeed is working to raise $200 million in convertible bonds as it prepares to make an offer for Complex Networks, The Information reported on Thursday. The $200 million raise would come as BuzzFeed...
View ArticleDarnella Frazier, Teen Who Filmed George Floyd Murder, Honored With Pulitzer...
Darnella Frazier, the Minneapolis teenager who filmed the police murder of George Floyd on her cellphone, was awarded a Special Citation during the 2021 Pulitzer Prize ceremony on Friday. The Pulitzer...
View ArticleBuzzFeed to Go Public in SPAC Merger at $1.5 Billion Valuation
BuzzFeed on Thursday announced plans to go public following a merger with the special-person acquisition company 890 Fifth Avenue Partners Inc. When the deal closes, BuzzFeed’s implied valuation will...
View ArticleOMG! Is BuzzFeed Really a $1.5 Billion Tech Company? | Analysis
BuzzFeed, the digital media company founded on cat videos and which just days ago won its first Pulitzer Prize, announced plans to go public via a SPAC on Thursday — and in one neat move, redefined...
View ArticleInside Facebook’s $1.6 Billion Bid to Save Journalism: Secret Deals, Favored...
There aren’t many companies that can say they’ve poured hundreds of millions into journalism in the last few years. Facebook has — $600 million over since 2018 — and it is promising another $1 billion...
View ArticleNBCUniversal Expects to Lose $100 Million on BuzzFeed’s Plan to Go Public Via...
NBCUniversal expects to lose about $100 million in its investment deal with BuzzFeed, which in June had planned to go public via a SPAC. Digital publisher BuzzFeed’s plan was to merge with a...
View ArticleBuzzFeed Writers Stage Walkout to Protest IPO Vote Amid Delayed Contract Talks
The BuzzFeed News Union announced a walkout Thursday amid stalled contract talks with the site’s management. “We’ve been bargaining our contract for almost 2 years, but BuzzFeed won’t budge on critical...
View ArticleBuzzFeed to Go Public Monday After Merger With SPAC, Acquisition of Complex...
BuzzFeed’s shareholders voted in favor of taking the company public on Friday as the media company completes its merger with a special purpose acquisition company 890 5th Avenue Partners and acquires...
View ArticleBuzzFeed Shares Fall on First Day of Public Trading
Shares of BuzzFeed closed down 11% from its starting price on Monday, capping a disappointing first day of the digital media giant as a publicly traded company. The shares did see a brief spike earlier...
View ArticleWhy BuzzFeed May Already Be in Trouble as a Newly Public Company | Analysis
After just three days as the first publicly traded digital media company, BuzzFeed is already showing signs of strain in its attempt to redefine itself as a brand that stands for more than cat memes...
View ArticleBuzzFeed Accused of Illegally Shortchanging Employees in IPO (Report)
The complainants are seeking compensation of at least $4.6 million
View ArticleBuzzFeed Grows Q4 Revenue 18% to $146 Million, But Commerce and Engagement...
This could be a warning sign it will struggle to meet its own projections
View ArticleBuzzFeed’s Top 3 Editors Resign as Layoffs Loom: Read Editor-in-Chief’s...
Mark Schoofs and two other top editors are leaving the media company as it reports first earnings as public company
View ArticleBuzzFeed News Union Vows to Fight Job Cuts: ‘We Won’t Stand for It’
"This news from management is a proposal, not a mandate," the organization said
View ArticleWhy BuzzFeed’s Future May Depend on Pivoting to NFTs and the Metaverse
To build solid growth, the digital company needs to think beyond traditional media and e-commerce
View ArticleNews Union Chief Calls Out BuzzFeed CEO Amid Wave of Digital Brand...
The nation's largest news union is taking a more aggressive stance in the face of job cuts, perhaps signaling an inflection point for all news unions
View ArticleBuzzFeed Union Votes to Authorize Newsroom Strike Amid Escalating Tensions
CEO Jonah Peretti was a no-show to Tuesday's negotiations
View ArticleQuartz Drops Paywall: What That Means for the Beleaguered News Site’s Future
“Lifting the paywall is probably the last gasp of another struggling digital publisher," one marketing exec tells TheWrap
View ArticleBuzzFeed’s Q1 Revenue Rises to $92 Million, But Commerce and Engagement Down...
Commerce revenue sinks 27%, while time spent on sites declines 4%
View ArticleBuzzFeed Lays Off 12% of Workforce
CEO Jonah Peretti made the announcement in an internal memo that about 180 staffers would be let go
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