Discover more from ACRP’s Substack
Buzzfeed News Goes Bust! Trump Dossier Spreader Shuts Down. Fake News Reckoning.
Nolte: Far-Left Buzzfeed Cuts 15% of Staff, Closes BuzzFeed News. Wallstreet numbers falling fast!
After more than a decade of failure, far-left BuzzFeed News is finally shutting down.
BuzzFeed CEO Jonah Peretti’s memo announcing the mercy killing Thursday morning and the memo was tweeted out by a media reporter* for the far-left New York Times.
part, the memo read:
Additionally, I made the decision to overinvest[**] in BuzzFeed News[***] because I love their work and mission so much. This made me slow to accept that the big platforms wouldn’t provide the distribution or financial support required to support premium, free journalism[****] for social media.
Just as we reduced our footprint in NYC last year, we will be reducing our real estate in Los Angeles from four buildings to one[.]
HuffPost and BuzzFeed Dot Com have signaled that they will open a number of select roles for members of BuzzFeed News
As part of today’s changes, both our CRO Edgar Hernandez and COO Christian Bressler have made the decision to exit the company.
Overall, BuzzFeed will cut 15 percent of its 1200-person staff.