{"id":198177,"date":"2021-03-10T00:25:34","date_gmt":"2021-03-09T21:25:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/buzzfeed-takes-buzzsaw-to-newly-acquired-huffpost\/"},"modified":"2021-03-10T00:25:34","modified_gmt":"2021-03-09T21:25:34","slug":"buzzfeed-takes-buzzsaw-to-newly-acquired-huffpost","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/buzzfeed-takes-buzzsaw-to-newly-acquired-huffpost\/","title":{"rendered":"#BuzzFeed takes buzzsaw to newly acquired HuffPost"},"content":{"rendered":"

“#BuzzFeed takes buzzsaw to newly acquired HuffPost<\/strong>”
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Just three weeks after finalizing a deal to buy HuffPost, Jonah Peretti\u2019s BuzzFeed is taking a buzzsaw to the left-leaning news<\/a> and culture site.<\/p>\n

BuzzFeed on Tuesday said it made a series<\/a> of cuts in HuffPost that will result in 47 US jobs lost, including Executive Editor Hillary Frey and Executive Editor International Louise Roug. <\/p>\n

The Canadian version of the website will also be shuttered.<\/p>\n

Peretti told staffers that the decision was made to \u201cfast-track the path to profitability\u201d for the money-losing website, HuffPost reported. The site\u2019s losses totaled around $20 million in 2020, he said.<\/p>\n

\u201cThough BuzzFeed is a profitable company, we don\u2019t have the resources to support another two years of losses,\u201d Peretti reportedly said.<\/p>\n

The HuffPost union, organized as part of the Writers Guild of America, East, blasted the layoffs on Tuesday. <\/p>\n

\u201cToday, we learned that 33 of our colleagues \u2014 nearly 30 percent of our unit \u2014 will be laid off. We are devastated and infuriated, particularly after an exhausting year of covering a pandemic and working from home,\u201d said the union. \u201cThis is also happ<\/a>ening less than a month after HuffPost was acquired by BuzzFeed. We never got a fair shot to prove our worth.\u201d<\/p>\n

Former HuffPost owner Verizon recognized the union in 2016 and agreed to a new three-year contract in 2019, which remains in effect and will result in severance for the laid-off staffers, the union said. <\/p>\n

BuzzFeed agreed in November to buy the site Peretti founded in 2005 along with Arianna Huffington, Andrew Breitbart and venture capitalist Kenneth Lerer. <\/p>\n

It was launched as a left-leaning counterweight to the Drudge Report, which was then at the height of its popularity. But the site, which officially shortened its name to HuffPost in 2017, has lost money for most of its existence \u2014 leading to last year\u2019s sale by Verizon, which acquired it as part of its $4.4 billion acquisition of parent company AOL in 2015.<\/p>\n

Terms of the all-stock transaction between Verizon and BuzzFeed were not revealed, but Verizon maintained a minority stake in the site and has also pledged an investment into BuzzFeed as part of the deal. <\/p>\n

Peretti will be CEO of the combined operations but says he will run them as \u201cseparate distinct news organizations.\u201d <\/p>\n

\u201cWe want to ensure the homepage remains a top destination on the internet,\u201d Peretti reportedly told staffers. \u201cWe also want to maintain high traffic, preserve your most powerful journalism, lean more deeply into politics and breaking news, and build a stronger business for affiliate revenue and shopping content.\u201d<\/p>\n

BuzzFeed made deep staff cuts at the start of the pandemic, but he said it had returned to profitability. <\/p>\n

Mark Schoofs, the editor-in-chief of BuzzFeed, is seeking a new-editor-in chief at HuffPost, who will report to him. The post has been vacant for a year since Lydia Polgreen jumped to Spotify\u2019s podcasting unit Gimlet Media<\/a> in March 2020. Frey had been overseeing it since then.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#BuzzFeed takes buzzsaw to newly acquired HuffPost” Just three weeks after finalizing a deal to buy HuffPost, Jonah Peretti\u2019s BuzzFeed is taking a buzzsaw to the left-leaning news and culture site. BuzzFeed on Tuesday said it made a series of cuts in HuffPost that will result in 47 US jobs lost, including Executive Editor Hillary…<\/p>\n","protected":false},"author":1,"featured_media":198178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/03\/buzzfeed019.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[96854,80787,73854,73393,5057,4960,70584],"class_list":["post-198177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-3-9-21","tag-buzzfeed","tag-digital-publishing","tag-huffington-post","tag-journalists","tag-layoffs","tag-mergers-acquisitions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/198177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=198177"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/198177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/198178"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=198177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=198177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=198177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}