Posted on 05/14/2020 2:08:56 AM PDT by Oldeconomybuyer
Sydney (AFP) - Groundbreaking website Buzzfeed said on Thursday that it would be shuttering part of its loss-making news operations in Britain and Australia, as it scales back global ambitions to cut costs.
"For economic and strategic reasons, we are going to focus on news that hits big in the United States during this difficult period," a company spokesperson said.
Many news outlets have been hard-hit by the coronavirus pandemic, with plummeting advertising revenues and already struggling operations pushed deeper into the red.
Ten staff in Britain and four in Australia will be furloughed, in a move that is expected to become permanent.
More cost-cutting measures are expected, including in the United States, where "workshare programs" are being touted as a way of avoiding furloughs.
(Excerpt) Read more at france24.com ...
Great.
Now i’m gonna have to get my news from VOX
I’ve never read BUZZFEED.....I know they are on the LEFT, but do they really do NEWS??
::rimshot::
lol
Wasn’t Buzzfeed the first to publish the fake Russia dossier?
I hope the whole stinking mess goes under, just like Pravda did.
Buzzfeed is no “news operation”. It’s a propaganda arm of the democrat party run by NBC.
No. It’s liberal propaganda.
News? Really, what kind of sub-level mind thinks Buzzfeed qualifies as “news”?
The only time I see websites linking to it, even Lefty-leaning female/fashion sites, it’s all about the corporate slop trough propaganda quizzes pushing mindless drivel like “Which princess/wizard/robot are you?” or “What food indicates your tv/movie actor crush?
NBCUniversal has hundreds of millions sunk into Buzzfeed.
Bet NBCUniversal has something to do with this.
I think RT had a better take on this.they might be a wee bit biased, though. ;)
https://www.rt.com/news/488665-buzzfeed-uk-australia-clickbait-dead/
“The news-coverage model of “outrage first, facts later” quickly seeped into the ‘legacy media’ establishment, literally and figuratively. BuzzFeed News editor Ben Smith was hired by the New York Times in 2018 and announced his arrival with a cringe-inducing op-ed titled ‘I’m proud we published the Trump-Russia dossier’. The Times and other once-“respectable” papers have scrambled to join BuzzFeed, Vox, Vice, and the other woke-clickbait-merchants in publishing divisive, politically-slanted content in order to maximize ad dollars and shares, figuring the money would just keep coming.”
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