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Fri Nov 20, 2020, 02:49 PM

** Buzzfeed Acquires Huffpost

HuffPost has a new owner, with its current parent company Verizon Media reaching an agreement to sell the site to BuzzFeed.

The Wall Street Journal broke the news and described this as a stock deal. Verizon Media is also making an investment in BuzzFeed and becoming a minority shareholder in the digital media company.

The deal also includes an agreement to syndicate content between the two companies while collaborating on advertising and creating a joint innovation group to explore other monetization opportunities.

As BuzzFeed’s press release notes, this deal brings HuffPost full circle, since BuzzFeed co-founder and CEO Jonah Peretti was also one of the founders of what was originally known as The Huffington Post.

I have vivid memories of growing HuffPost into a major news outlet in its early years, but BuzzFeed is making this acquisition because we believe in the future of HuffPost and the potential it has to continue to define the media landscape for years to come,” Peretti said in a statement. “With the addition of HuffPost, our media network will have more users, spending significantly more time with our content than any of our peers.”
https://techcrunch.com/2020/11/19/buzzfeed-acquires-huffpost/amp/

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Arrow 5 replies Author Time Post
Reply ** Buzzfeed Acquires Huffpost (Original post)
Budi Nov 2020 OP
hlthe2b Nov 2020 #1
Arne Nov 2020 #3
SleeplessinSoCal Nov 2020 #2
Laelth Nov 2020 #4
2naSalit Nov 2020 #5

Response to Budi (Original post)

Fri Nov 20, 2020, 02:50 PM

1. I think that may be a good outcome. Hopefully.

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Response to hlthe2b (Reply #1)

Fri Nov 20, 2020, 02:53 PM

3. They both have effective formatting.

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Response to Budi (Original post)

Fri Nov 20, 2020, 02:51 PM

2. I was beginning to think Huffpost was a shrinking violet.

Just my perception.

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Response to Budi (Original post)

Fri Nov 20, 2020, 02:55 PM

4. I see this as good news.

HuffPost needs a “shot in the arm.” I hope that BuzzFeed can revive it.

-Laelth

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Response to Budi (Original post)

Fri Nov 20, 2020, 03:14 PM

5. I gave up on HuffinPuff...

When it became the side-boob gazette, as Jon Stewart called it.

Haven't bothered with it since. Hope this improves the quality of their work.

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