BuzzFeed sells Complex, acquired for $300M in 2021, to livestream shopping platform Ntwrk for $108.6M; BuzzFeed plans to lay off 16% of its workforce
I read it and realized BuzzFeed is laying off 16% of its own staffers not Complex's Natalie Jarvey / @natjarv : Pretty notable that BuzzFeed is retaining Hot Ones as it sells off Complex https://www.h...
Letterboxd's founders sell a majority stake to Canadian company Tiny; a source says the deal values the film-focused social network with ~10M users at $50M+
Post article to X Post article to Facebook Copy article link Tiny : Tiny Announces Majority Acquisition of Letterboxd Alex Weprin / The Hollywood Reporter : Letterboxd, Film Discussion Platform, Sells...
Warner Bros. Discovery will shut down CNN+ on April 30, after its March 29 debut; sources: CNN+ had ~150K subscribers and was on pace to hit first-year goals
the same firm that suggested pharmacists get REBATES for opioid deaths—charged CNN millions to tell it what someone wanted to hear. Every $ wasted could have gone to paying journalists. https://twitte...
Sources: as Verizon execs remain wary about sharing user data with Oath and ad growth fails to take off, Tim Armstrong weighs leaving as early as October
awesome data for ad targeting —was fundamentally flawed. Did anybody think to check ahead of time? http://www.wsj.com/... http://twitter.com/... @mikeisaac : this is actually very important. facebook,...