BuzzFeed's Content and Advertising Revenue Tumbled in 2023: Q4 Earning
BuzzFeed sold Complex to alleviate the debt that it took on to acquire it in 2021. A month later, its earnings show whether there's been any progress.
Source: observer.com
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BuzzFeed to reduce staff by 16%. Complex sold for $108.6 million
BuzzFeed on Wednesday said it is selling youth network Complex for $108.6 million. Job losses come as media and entertainment industries are slashing costs.
Source: latimes.com
The Independent eyes online news empire with control of Buzzfeed and Huffpost UK
British online newspaper The Independent is reportedly in talks to take over the operations of BuzzFeed and Huffington Post UK.
Source: cityam.com
Los Angeles Times to cut 74 newsroom positions
The elimination of about 13% of the newsroom staff is the first major retrenchment since the paper was acquired five years ago by Dr. Patrick Soon-Shiong and his wife, Michele.
Source: latimes.com
Vice Media files for Chapter 11 bankruptcy - Los Angeles Times
In a new setback for digital media, Vice Media files for bankruptcy protection, only a few weeks after BuzzFeed News announced it was being shut down.
Source: latimes.com