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BuzzFeed and Vice Media’s Next Pivot: “Last Resort” Efforts to Go Public

During the venture capital-funded digital media boom of the 2010s, startup founders often voiced world-conquering ambitions. In 2014, Vice Media co-founder Shane Smith bragged: “We won’t be the next CNN or ESPN or MTV. We’ll be 10 times that size.” A year later, BuzzFeed CEO Jonah Peretti informed staff that they were building “a global, […]

BuzzFeed Going Public, Valued At $1.5B In SPAC Merger

Digital media giant BuzzFeed is merging with a special purpose acquisition company (SPAC) and going public in a bid to roll up and consolidate some of the digital media industry. The deal will value the company at $1.5 billion. The company says that it has agreed to merge with 890 5th Avenue Partners, a SPAC […]

Coverage of America’s Racial Reckoning and COVID-19 Lead 2021 Pulitzer Prize Class

The 2021 Pulitzer Prizes were awarded by Columbia University on Friday, with two major stories present across the list of winners: the novel coronavirus pandemic and coverage of the police response to protests that followed the murder of George Floyd. The staff of the Minneapolis Star Tribune won the Pulitzer for breaking news reporting for […]

Disney Consumer Products Hits $54.7B in Retail Sales as Top Global Licensor of 2018

The Walt Disney Co.'s Disney Consumer Products unit has repeated as the top licensor in the world in 2018 with $54.7 billion in retail sales of licensed merchandise worldwide, according to an annual ranking by 'License Global magazine.

Kenneth Lerer Stepping Down as BuzzFeed Chairman

Kenneth Lerer is stepping down from his post as chairman of BuzzFeed after more than a decade with the digital publisher.

Former BuzzFeed Exec Mark Jafar Joins Imax as Global Communications Head (Exclusive)

Imax has hired former Buzzfeed and Viacom PR exec Mark Jafar to help market the giant-screen exhibitor as its own movie-tech brand.

BuzzFeed Rethinks Hollywood Strategy, Names New Studios Chief (Exclusive)

BuzzFeed has tapped Cindy Vanegas-Gesuale to lead its studios division.

Lauren Dolgen Lands at Paramount Network After Departing BuzzFeed Studios

Lauren Dolgen is jumping from BuzzFeed Studios to Paramount Network. The veteran entertainment executive has joined the one-year-old Viacom channel as senior vp unscripted development and production.

BuzzFeed Video Architect Ze Frank to Exit (Exclusive)

Ze Frank, a key architect of BuzzFeed's entertainment arm who has served as chief research and development officer for the last year, is stepping down from his role, CEO Jonah Peretti announced in a memo sent to staff Friday.

BuzzFeed to Lay Off 15 Percent of Company Workforce

BuzzFeed is laying off 15 percent of its workforce, about 215 people, sources tell The Hollywood Reporter. The cuts are expected to take effect next week.

BuzzFeed Sets Interactive Instagram Drama ‘Romeo Likes Juliet’

BuzzFeed is prepping to launch an eight-day scripted retelling of 'Romeo and Juliet' on Instagram. The queer love story will unfold across seven Instagram profiles as the characters post photos, Stories and videos in real time.

BuzzFeed VP Michelle Kempner Jumps to Facebook

BuzzFeed vp Michelle Kempner is moving to Facebook, where she will work on the product marketing team.