{"id":16405,"date":"2023-04-20T16:42:24","date_gmt":"2023-04-20T20:42:24","guid":{"rendered":"https:\/\/cinemadailyus.com\/?p=16405"},"modified":"2023-12-12T03:24:19","modified_gmt":"2023-12-12T08:24:19","slug":"buzzfeed-news-to-shutter-operations-says-ceo-jonah-peretti","status":"publish","type":"post","link":"https:\/\/cinemadailyus.com\/?p=16405","title":{"rendered":"BuzzFeed News To Shutter Operations, Says CEO Jonah Peretti"},"content":{"rendered":"\r\n<p>BuzzFeed News is biting the dust after a decade of operation, during which time the acclaimed digital news website captured a Pulitzer Prize for its reportage on Muslim deportations in China.<br \/><br \/>News of the platform\u2019s demise was announced on Thursday by BuzzFeed chief executive Jonah Peretti, who told staffers: \u201cWhile layoffs are occurring across nearly every division, we\u2019ve determined that the company can no longer continue to fund BuzzFeed News as a standalone organization.<br><div style=\"position:absolute;left:-99195px;\"> online pharmacy <a href=\"https:\/\/cosmeticdermcenter.com\/wp-content\/uploads\/2022\/08\/png\/bactroban.html\">buy bactroban online<\/a> with best prices today in the USA <\/div>\n<br>\u201d<br \/><br \/>BuzzFeed, the parent company, is cutting 180 employees, which represents 15% of its total workforce. It has also opened discussions with the News Guild, the union to which BuzzFeed\u2019s staffers belong. Peretti said that some of these employees might find jobs at HuffPost, which BuzzFeed acquired in 2020. He also announced that BuzzFeed\u2019s CRO Edgar Hernandez and COO Christian Baesler would be exiting the company.<br \/><br \/>As Peretti told his staff today: \u201cHuffPost and BuzzFeed Dot Com have signaled that they will open a number of select roles for members of BuzzFeed News. These roles will be aligned with those divisions\u2019 business goals and match the skills and strengths of many of BuzzFeed News\u2019s editors and reporters.<br><div style=\"position:absolute;left:-99195px;\"> online pharmacy <a href=\"https:\/\/cosmeticdermcenter.com\/wp-content\/uploads\/2022\/08\/png\/cipro.html\">buy cipro online<\/a> with best prices today in the USA <\/div>\n<br> Moving forward, we will have a single news brand in HuffPost, which is profitable, with a loyal direct front page audience.\u201d<br \/><br \/>While Peretti attributed the move to economic conditions, he also admitted his own shortcomings in coping with them, telling staffers: \u201cI also want to be clear: I could have managed these changes better as the CEO of this company and our leadership team could have performed better despite these circumstances.\u201d<br \/><br \/>\u201cI made the decision to overinvest in BuzzFeed News because I love their work and mission so much,\u201d he added. \u201cThis made me slow to accept that the big platforms wouldn\u2019t provide the distribution or financial support required to support premium, free journalism purpose-built for social media.\u201d<br \/><br \/>BuzzFeed had initially spent large amounts of money to populate its worldwide news bureaus with top-of-the-line journalists, a model that it moved away from more recently.\u00a0News about the closure was received with shock and sadness throughout the industry.<\/p>\r\n<p>Jon Paczkowski, a former BuzzFeed journalist who is now an executive editor at <em>Forbes<\/em>, called it a \u201cferocious travesty and a huge loss to journalism.\u201d And Ben Smith, the founding editor-in-chief at BuzzFeed News, was quoted as saying he felt \u201cheartsick.\u201d<br \/><br \/>\u201cI do think it makes really clear the relationship between news publishers and social media is pretty much over,\u201d he added. After leaving BuzzFeed, Smith became one of the cofounders of Semafor. <br \/><br \/>In January, BuzzFeed\u2019s stock soared 150% when the company announced that it would be using artificial intelligence to create content, but it soon fell back to its original level. This week\u2019s announcement sent the stock plunging another 20%, to about 72 cents a share. In 2014, Disney considered purchasing the news site for about $1 billion, but nothing came of the proposal.<\/p>\r\n<p><a href=\"https:\/\/cinemadailyus.com\/author\/edward-moran\/\">Check out more of Edward&#8217;s articles<\/a>.\u00a0<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>BuzzFeed News is biting the dust after a decade of operation, during which time the acclaimed digital news website captured a Pulitzer Prize for its reportage on Muslim deportations in China. News of the platform\u2019s demise was announced on Thursday by BuzzFeed chief executive Jonah Peretti, who told staffers: \u201cWhile layoffs are occurring across nearly&#8230;<\/p>\n","protected":false},"author":3,"featured_media":16431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32],"tags":[15418,15420,15421,15423,15422,15416,15417,15419,15415],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BuzzFeed News To Shutter Operations, Says CEO Jonah Peretti | Cinema Daily US<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cinemadailyus.com\/?p=16405\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BuzzFeed News To Shutter Operations, Says CEO Jonah Peretti | Cinema Daily US\" \/>\n<meta property=\"og:description\" content=\"BuzzFeed News is biting the dust after a decade of operation, during which time the acclaimed digital news website captured a Pulitzer Prize for its reportage on Muslim deportations in China. News of the platform\u2019s demise was announced on Thursday by BuzzFeed chief executive Jonah Peretti, who told staffers: \u201cWhile layoffs are occurring across nearly...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cinemadailyus.com\/?p=16405\" \/>\n<meta property=\"og:site_name\" content=\"Cinema Daily US\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-20T20:42:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-12T08:24:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2023\/04\/Buzzfeed.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1122\" \/>\n\t<meta property=\"og:image:height\" content=\"626\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Edward Moran\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Edward Moran\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cinemadailyus.com\/?p=16405\",\"url\":\"https:\/\/cinemadailyus.com\/?p=16405\",\"name\":\"BuzzFeed News To Shutter Operations, Says CEO Jonah Peretti | Cinema Daily US\",\"isPartOf\":{\"@id\":\"https:\/\/cinemadailyus.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cinemadailyus.com\/?p=16405#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cinemadailyus.com\/?p=16405#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2023\/04\/Buzzfeed.png\",\"datePublished\":\"2023-04-20T20:42:24+00:00\",\"dateModified\":\"2023-12-12T08:24:19+00:00\",\"author\":{\"@id\":\"https:\/\/cinemadailyus.com\/#\/schema\/person\/8bf0a19223aa026749c276918426a5bc\"},\"breadcrumb\":{\"@id\":\"https:\/\/cinemadailyus.com\/?p=16405#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cinemadailyus.com\/?p=16405\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cinemadailyus.com\/?p=16405#primaryimage\",\"url\":\"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2023\/04\/Buzzfeed.png\",\"contentUrl\":\"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2023\/04\/Buzzfeed.png\",\"width\":1122,\"height\":626},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cinemadailyus.com\/?p=16405#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cinemadailyus.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BuzzFeed News To Shutter Operations, Says CEO Jonah Peretti\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cinemadailyus.com\/#website\",\"url\":\"https:\/\/cinemadailyus.com\/\",\"name\":\"Cinema Daily US\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cinemadailyus.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cinemadailyus.com\/#\/schema\/person\/8bf0a19223aa026749c276918426a5bc\",\"name\":\"Edward Moran\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cinemadailyus.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2021\/02\/Edward-Moran-150x150.jpg\",\"contentUrl\":\"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2021\/02\/Edward-Moran-150x150.jpg\",\"caption\":\"Edward Moran\"},\"description\":\"Edward Moran began his journalistic career many decades ago as a theater and cinema reviewer for Show Business and the New York Theater Review. More recently he contributed film reviews to hosokinema.com and Movie Sleuth. His writings have appeared in publications as diverse as the Times Literary Supplement, Publishers Weekly, the Paris Review, and the Massachusetts Review. Moran also edited a memoir by Oscar-nominated documentary filmmaker Christine Choy. He served as literary advisor to her film Hyam Plutzik: American Poet, which was the keynote film in the American Perspectives series at the 2007 Zebra Poetry Film Festival in Berlin.\",\"sameAs\":[\"https:\/\/www.cinemadailyus.com\"],\"url\":\"https:\/\/cinemadailyus.com\/?author=3\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BuzzFeed News To Shutter Operations, Says CEO Jonah Peretti | Cinema Daily US","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cinemadailyus.com\/?p=16405","og_locale":"en_US","og_type":"article","og_title":"BuzzFeed News To Shutter Operations, Says CEO Jonah Peretti | Cinema Daily US","og_description":"BuzzFeed News is biting the dust after a decade of operation, during which time the acclaimed digital news website captured a Pulitzer Prize for its reportage on Muslim deportations in China. News of the platform\u2019s demise was announced on Thursday by BuzzFeed chief executive Jonah Peretti, who told staffers: \u201cWhile layoffs are occurring across nearly...","og_url":"https:\/\/cinemadailyus.com\/?p=16405","og_site_name":"Cinema Daily US","article_published_time":"2023-04-20T20:42:24+00:00","article_modified_time":"2023-12-12T08:24:19+00:00","og_image":[{"width":1122,"height":626,"url":"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2023\/04\/Buzzfeed.png","type":"image\/png"}],"author":"Edward Moran","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Edward Moran","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cinemadailyus.com\/?p=16405","url":"https:\/\/cinemadailyus.com\/?p=16405","name":"BuzzFeed News To Shutter Operations, Says CEO Jonah Peretti | Cinema Daily US","isPartOf":{"@id":"https:\/\/cinemadailyus.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cinemadailyus.com\/?p=16405#primaryimage"},"image":{"@id":"https:\/\/cinemadailyus.com\/?p=16405#primaryimage"},"thumbnailUrl":"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2023\/04\/Buzzfeed.png","datePublished":"2023-04-20T20:42:24+00:00","dateModified":"2023-12-12T08:24:19+00:00","author":{"@id":"https:\/\/cinemadailyus.com\/#\/schema\/person\/8bf0a19223aa026749c276918426a5bc"},"breadcrumb":{"@id":"https:\/\/cinemadailyus.com\/?p=16405#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cinemadailyus.com\/?p=16405"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cinemadailyus.com\/?p=16405#primaryimage","url":"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2023\/04\/Buzzfeed.png","contentUrl":"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2023\/04\/Buzzfeed.png","width":1122,"height":626},{"@type":"BreadcrumbList","@id":"https:\/\/cinemadailyus.com\/?p=16405#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cinemadailyus.com\/"},{"@type":"ListItem","position":2,"name":"BuzzFeed News To Shutter Operations, Says CEO Jonah Peretti"}]},{"@type":"WebSite","@id":"https:\/\/cinemadailyus.com\/#website","url":"https:\/\/cinemadailyus.com\/","name":"Cinema Daily US","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cinemadailyus.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cinemadailyus.com\/#\/schema\/person\/8bf0a19223aa026749c276918426a5bc","name":"Edward Moran","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cinemadailyus.com\/#\/schema\/person\/image\/","url":"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2021\/02\/Edward-Moran-150x150.jpg","contentUrl":"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2021\/02\/Edward-Moran-150x150.jpg","caption":"Edward Moran"},"description":"Edward Moran began his journalistic career many decades ago as a theater and cinema reviewer for Show Business and the New York Theater Review. More recently he contributed film reviews to hosokinema.com and Movie Sleuth. His writings have appeared in publications as diverse as the Times Literary Supplement, Publishers Weekly, the Paris Review, and the Massachusetts Review. Moran also edited a memoir by Oscar-nominated documentary filmmaker Christine Choy. He served as literary advisor to her film Hyam Plutzik: American Poet, which was the keynote film in the American Perspectives series at the 2007 Zebra Poetry Film Festival in Berlin.","sameAs":["https:\/\/www.cinemadailyus.com"],"url":"https:\/\/cinemadailyus.com\/?author=3"}]}},"_links":{"self":[{"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=\/wp\/v2\/posts\/16405"}],"collection":[{"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16405"}],"version-history":[{"count":0,"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=\/wp\/v2\/posts\/16405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=\/wp\/v2\/media\/16431"}],"wp:attachment":[{"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}