{"id":419968,"date":"2022-03-22T18:33:08","date_gmt":"2022-03-22T15:33:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/buzzfeeds-mark-schoofs-reportedly-quits-as-losses-force-cuts\/"},"modified":"2022-03-22T18:33:08","modified_gmt":"2022-03-22T15:33:08","slug":"buzzfeeds-mark-schoofs-reportedly-quits-as-losses-force-cuts","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/buzzfeeds-mark-schoofs-reportedly-quits-as-losses-force-cuts\/","title":{"rendered":"#BuzzFeed&#8217;s Mark Schoofs reportedly quits as losses force cuts"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a27839059939\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a27839059939\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/buzzfeeds-mark-schoofs-reportedly-quits-as-losses-force-cuts\/#%E2%80%9CBuzzFeeds_Mark_Schoofs_reportedly_quits_as_losses_force_cuts%E2%80%9D\" >&#8220;BuzzFeed&#8217;s Mark Schoofs reportedly quits as losses force cuts&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CBuzzFeeds_Mark_Schoofs_reportedly_quits_as_losses_force_cuts%E2%80%9D\"><\/span>&#8220;BuzzFeed&#8217;s Mark Schoofs reportedly quits as losses force cuts&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Investors at BuzzFeed are reportedly pressuring CEO Jonah Peretti to close down its entire money-losing <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> operation as senior journalists announced their resignations on Tuesday.<\/p>\n<p>Mark Schoffs, the\u00a0editor in chief of BuzzFeed News, and two of his top deputies\u00a0quit in the latest sign of turmoil at the cash-str<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed company.<\/p>\n<p>Schoofs informed staffers at the online publication that he would be stepping down on Tuesday,\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.theinformation.com\/briefings\/buzzfeed-projects-revenue-drop-in-q1-editors-quit\">according to The Information<\/a>.<\/p>\n<p>Tom Namako, Schoofs\u2019 deputy news editor, and Ariel Kaminer, the executive editor of investigations, also announced that they planned on leaving their posts, according to the report.<\/p>\n<p>Journalists working for the site have been told that more job cuts are in the offing, The Information reported.<\/p>\n<p>Fewer than 30 journalists in the 100-person newsroom <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2022\/03\/22\/buzzfeed-investors-have-pushed-ceo-jonah-peretti-to-shut-down-newsroom.html\">have already been offered buyouts<\/a>, according to CNBC.<\/p>\n<p>The reporters who were offered exit packages cover investigations, inequality, politics, and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/sciencee\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"Science\" target=\"_blank\" rel=\"noopener\">science<\/a>. Many of them have worked for BuzzFeed for more than a year.<\/p>\n<p>The news operation at BuzzFeed loses around $10 million per year, CNBC reported.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"1024\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/mark-schoofs.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Mark Schoofs, the editor in chief, informed staffers that he was stepping down on Tuesday.\" class=\"wp-image-21612754\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/mark-schoofs.jpg?quality=90&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/mark-schoofs.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/mark-schoofs.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Mark Schoofs, Buzzfeed News\u2019 editor in chief, reportedly informed staffers that he was stepping down on Tuesday.<\/figcaption><figcaption><span class=\"credit\">@SchoofsFeed\/<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/span><\/figcaption><\/figure>\n<p>The network quoted a shareholder as saying that closing down the news operation could boost the company\u2019s market capitalization by up to $300 million.<\/p>\n<p>Peretti is reportedly aiming to turn the newsroom around and make it profitable.<\/p>\n<p>It is unclear how a shutdown of the newsroom would affect HuffPost, which was acquired by BuzzFeed.<\/p>\n<p>Last year, Peretti laid off 70 HuffPost staffers after buying the news site from Verizon Media.<\/p>\n<p>The high-profile departures come on the same day that BuzzFeed released its fourth-quarter earnings report, which showed a 12% drop in earnings before interest, taxes, depreciation, and amortization.<\/p>\n<p>The company also reported 18% higher revenue for the last quarter, but projected a drop in revenue in the first quarter of this year.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/buzzfeed-nasdaq-01.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Buzz Feed's Jonah Peretti\" class=\"wp-image-20390577\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/buzzfeed-nasdaq-01.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/buzzfeed-nasdaq-01.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/buzzfeed-nasdaq-01.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Investors at BuzzFeed are reportedly pressuring CEO Jonah Peretti to close down its entire money-losing news operation.<\/figcaption><figcaption><span class=\"credit\">Getty Images for BuzzFeed Inc.<\/span><\/figcaption><\/figure>\n<p>BuzzFeed is expected to lose between $15 million and $20 million in the first quarter of this year.<\/p>\n<p>In remarks to shareholders, Peretti blamed the drop in revenues on Facebook\u2019s dwindling audience. Younger users are eschewing Mark Zuckerberg\u2019s social network in favor of other platforms like TikTok and Snapchat.<\/p>\n<p>BuzzFeed relies on Facebook and other social media outlets to spread viral content, including its bread-and-butter mix of quizzes, listicles and hard-hitting news stories.<\/p>\n<p>The company is planning to generate revenue by advertising products through Instagram and TikTok.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/buzzfeed-nasdaq-03.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"BuzzFeed employees at Nasdaq\" class=\"wp-image-20390590\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/buzzfeed-nasdaq-03.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/buzzfeed-nasdaq-03.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/buzzfeed-nasdaq-03.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>BuzzFeed employees celebrate their Nasdaq listing when it debuted as a public company.<\/figcaption><figcaption><span class=\"credit\">Getty Images for BuzzFeed Inc.<\/span><\/figcaption><\/figure>\n<p>Peretti, who also founded BuzzFeed, told analysts that the goal is to return the company to profitability by the end of 2023.<\/p>\n<p>He said the site planned to center its coverage around \u201cthe biggest news of the day, culture and entertainment and life on the internet.\u201d<\/p>\n<p>In December, BuzzFeed debuted as a public company after merging with a special-purpose acquisition firm.<\/p>\n<p>Shares of BuzzFeed, which is listed on the Nasdaq, fell by more than 2.8% in early trading on Tuesday.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/03\/22\/buzzfeeds-mark-schoofs-reportedly-quits-as-losses-force-cuts\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;BuzzFeed&#8217;s Mark Schoofs reportedly quits as losses force cuts&#8221; Investors at BuzzFeed are reportedly pressuring CEO Jonah Peretti to close down its entire money-losing news operation as senior journalists announced their resignations on Tuesday. Mark Schoffs, the\u00a0editor in chief of BuzzFeed News, and two of his top deputies\u00a0quit in the latest sign of turmoil at&#8230;<\/p>\n","protected":false},"author":1,"featured_media":419969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/buzzfeed-office.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[127057,80787,4974,4960,40445,4976],"class_list":["post-419968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-3-22-22","tag-buzzfeed","tag-facebook","tag-layoffs","tag-media","tag-social-media"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/419968","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=419968"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/419968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/419969"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=419968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=419968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=419968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}