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...
Sources: BuzzFeed is close to selling most of Complex Networks to livestream shopping startup Ntwrk for a little above $100M, far below Jonah Peretti's target
below the $150 million it was initially seeking. The deal won't solve all of BuzzFeed's financial problems. More here: https://www.theinformation.com/ ... See also Mediagazer
TikTok announces Pulse Premiere, which lets select publishers, such as Condé Nast, BuzzFeed, and NBC, sell ads alongside their posts and keep 50% of the revenue
Q&A with Nick Denton, Jonah Peretti, and also Ben Smith, whose book Traffic details the rise and fall of BuzzFeed and Gawker, on digital media and its reckoning
A conversation with two media pioneers — plus Ben Smith, whose new book chronicles their rise and fall.
The NYT, LAT, and WaPo won't buy Twitter Blue; NYT, LAT, BuzzFeed, and Politico won't reimburse reporters for Blue, but Semafor and other small outlets plan to
'If You Know Me I Ain't Paying' Jess Weatherbed / The Verge : News outlets respond to Twitter Blue coercion with a resounding 'meh.'Twitter is removing blue checkmarks from legacy verified accounts to...
The NYT, LAT, and WaPo won't buy Twitter Blue; NYT, LAT, BuzzFeed, and Politico won't reimburse reporters for it, but Semafor and some other small outlets will
BuzzFeed isn't ponying up, but for other outlets, paying might make sense. — Pranav Dixit
BuzzFeed launches Infinity Quizzes, offering a personalized narrative based on a theme and questions, written by an AI based on OpenAI's publicly available API
but humans are still involved
Sources: Meta pays BuzzFeed to generate creator content for Facebook and Instagram and to train online creators to grow, as part of a ~$10M deal reached in 2022
Partnership marks latest iteration of yearslong relationship between digital publisher and social-media giant
A critique of Ev Williams' 10-year tenure at Medium and how it got caught in the middle between Substack and well-funded publishers like BuzzFeed and Vice
How Medium got stuck in the middle. PLUS: Twitter sues Musk — Few tech CEOs can claim to have steered the course of online conversation more than Ev Williams.
BuzzFeed announces plans to go public via SPAC merger, targeting a $1.5B valuation, and will acquire digital publisher Complex Networks for $300M
BuzzFeed, a 15-year-old digital media company, announced Thursday it plans to go public via a merger with a publicly traded special purpose acquisition company.