tldrdailynews.com logo
Tag

Huffpost

All articles tagged with #huffpost

BuzzFeed Cuts 180 Jobs as New Owner Reshapes the Media Company
business28 days ago

BuzzFeed Cuts 180 Jobs as New Owner Reshapes the Media Company

BuzzFeed laid off about 180 employees—roughly a third of its staff—under new owner Byron Allen to curb losses; the cuts hit HuffPost, Tasty, and BuzzFeed’s film/TV studio, part of a larger debt-and-losses restructuring after Allen’s $120 million takeover. Founder Jonah Peretti stepped aside to focus on artificial intelligence initiatives via a Branch Office subsidiary, while Allen aims to fuel growth in streaming and user-generated content.

via The New York Times|
#ai#business#buzzfeed
BuzzFeed Cuts 35% of Workforce After Byron Allen Takes Majority Control
business28 days ago

BuzzFeed Cuts 35% of Workforce After Byron Allen Takes Majority Control

BuzzFeed is slashing about 35% of its workforce—roughly 180 roles—across the company as Byron Allen closes a 51% stake for $120 million and plans to merge BuzzFeed and HuffPost with Allen Media Group’s Local Now streaming service to build a free, ad-supported platform. The layoffs aim to boost profitability and cash flow, with expected charges of $6.5–$8.5 million in Q3 2026 and annualized savings of $29–$32 million; BuzzFeed had 507 employees at end-2025.

via Variety|
#business#buzzfeed#byron-allen
Allen to Acquire BuzzFeed and HuffPost, Rebooting Digital Media
business3 months ago

Allen to Acquire BuzzFeed and HuffPost, Rebooting Digital Media

Byron Allen's Allen Family Digital agreed to buy a 52% stake in BuzzFeed for $120 million (40 million shares at $3) with $20 million upfront and $100 million due in five years, and will also take over HuffPost. Allen becomes chairman and CEO; HuffPost will be included; BuzzFeed AI leadership to be led by Jonah Peretti as president of BuzzFeed AI; BuzzFeed Studios and Tasty to spin off; deal aims to expand into free streaming video and digital content while cutting costs ahead of the takeover.

via Los Angeles Times|
#business#buzzfeed#byron-allen
"Vivek Ramaswamy Pushes for Major Changes at BuzzFeed"
media-and-politics2 years ago

"Vivek Ramaswamy Pushes for Major Changes at BuzzFeed"

The article discusses the intersection of media and politics, highlighting how politicians like Ramaswamy and Musk see value in owning news platforms for their political influence rather than financial returns. It critiques Ramaswamy's proposal for BuzzFeed, comparing it to other failed media ventures, and notes the broader trend of conflating media business with political motives.

via Semafor|
#buzzfeed#huffpost#media-and-politics
BuzzFeed News to Cease Operations, Laying Off 180 Staff Members.
business3 years ago

BuzzFeed News to Cease Operations, Laying Off 180 Staff Members.

BuzzFeed is shutting down BuzzFeed News and laying off 15% of its employees, or about 180 people, across BuzzFeed News and other divisions due to not being able to turn a profit. BuzzFeed will concentrate its news efforts in a single profitable news organization — HuffPost, which it acquired from Verizon in 2020. BuzzFeed.com site will remain in place. BuzzFeed News first launched in 2011 under then-editor in chief Ben Smith.

via Variety|
#business#buzzfeed#digital-media