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The Latest Breaking News from BuzzFeed Inc

2 Publishing Stocks to Buy Today, 1 to Sell

The increased integration of digital technology has been a key driver in the publishing industry and is poised to keep the sector resilient in the foreseeable future. Therefore, quality publishing stocks MultiChoice Group (MCHOY) and Lee Enterprises (LEE) could be solid buys now. However, given the bleak fundamentals of BuzzFeed…

StockNews.com · Jun 12, 2023

1 Media Stock to Buy Now and Another to Sell

1 Media Stock to Buy Now and Another to Sell

Despite the macroeconomic headwinds, the media industry’s long-term prospects look bright due to the evolution of OTT platforms and content digitization. Thus, Lee Enterprises (LEE) could be worth buying. However, I think BuzzFeed (BZFD) is best avoided considering its weak fundamentals. Read on.

StockNews.com · May 23, 2023

BuzzFeed News to be shuttered in corporate cost-cutting move

BuzzFeed News to be shuttered in corporate cost-cutting move

CEO Jonah Peretti announced the shutdown of BuzzFeed’s Pulitzer-winning news division and cuts to 15% of its staff. The company will continue to publish news on HuffPost.

Chicago Sun-Times · Apr 21, 2023

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BuzzFeed shares triple on plans to embrace OpenAI for content

BuzzFeed Inc. shares surged by a record on news that the digital-media company plans to use OpenAI to bolster some of its content creation.

Tribune News Service · Jan 26, 2023

BuzzFeed shares surge 120% on plans to embrace OpenAI

BuzzFeed Inc. shares surged by a record on news that the digital-media company plans to use OpenAI to bolster some of its content creation.

Tribune News Service · Jan 26, 2023

BuzzFeed News Division Loses Key Officials As It Looked To Trim Workforce

The BuzzFeed Inc (NASDAQ:BZFD) owned BuzzFeed News head, and two other top editors departed ahead of its newsroom cuts, the New York Times reports. Mark Schoofs, the editor in chief, Tom Namako, the deputy editor in chief, and Ariel Kaminer, the executive editor of investigations, departed from BuzzFeed’s news wing. Namako joined…

Benzinga · Mar 22, 2022

Facebook Continues To Lose Out On User Time; Netherlands Data Center Plans Face Opposition

BuzzFeed Inc (NASDAQ:BZFD) CEO Jonah Peretti disclosed during its earnings call that he continued to see audiences spending less time on Meta Platforms Inc's (NASDAQ:FB) Facebook, CNBC reports. Peretti admitted that Facebook accounted for most of its audience traffic to its shopping content. However, the shift in audience time away from the app has…

Benzinga · Mar 22, 2022

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BuzzFeed Employees Want $8.7M In Compensation, File Complaints Over Stock IPO

BuzzFeed Employees Want $8.7M In Compensation, File Complaints Over Stock IPO

Complaints filed by 77 former and current BuzzFeed Inc (NASDAQ: BZFD) employees say the company mishandled the public launch of its stock, leading to a significant loss in the value of their shares.

Benzinga · Mar 16, 2022

Here's Why Online Publishers Are Ditching Google

Here's Why Online Publishers Are Ditching Google

Multiple leading online publishers look to ditch Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google's Accelerated Mobile Pages program to optimize readers' mobile-browsing experience, the Wall Street Journal reports. Media executives admitted that dropping AMP would give them more control over their page designs and ad formats, and make it easier to sell ad space in…

Benzinga · Feb 25, 2022

BuzzFeed Ropes In Melanie Summers From Driver Studios As SVP, Consumer Products

BuzzFeed Ropes In Melanie Summers From Driver Studios As SVP, Consumer Products

BuzzFeed Inc (NASDAQ:BZFD) hired Melanie Summers, previously a chief brand officer of content licensing company Driver Studios, to the role of SVP of consumer products effective January 10, AdWeek reports. Summers will lead global brand licensing and product development efforts at BuzzFeed, which officially includes Complex Networks. Recently, CEO Jonah Peretti named…

Benzinga · Jan 21, 2022

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