BuzzFeed and Vice Media, two failed left-wing sites, are starting to sell off parts of themselves, it reported. wall street journal.
BuzzFeed is considering selling its food sites Tasty and First We Feast, according to people familiar with the situation. ” write of wall street journal. “Meanwhile, Fortress Investment Group, which took over Vice after it went bankrupt last year, is in talks to sell Refinery29, a site focused on women's lifestyle.[.]”
of wall street journal It depicts these developments in an overly limited manner. Described as “another chapter in the demise of these digital media companies that raised money at sky-high valuations nearly a decade ago, only to struggle amid volatile advertising markets and declining traffic.” It is.[.]”
That's not half of it.
If you look closely at the state of corporate media online and elsewhere, the wheels are coming off everywhere.
The corporations/establishment/leftist media are collapsing and that's a pretty great thing.
CNN has fallen off a ratings cliff.
of Los Angeles Times is losing about $40 million a year and has cut nearly a third of its workforce in two recent rounds of layoffs.
of washington post The company cut staff and lost nearly $100 million in 2023.
BuzzFeed laid off 15 percent of its staff and permanently shut down BuzzFeed News.
Vice Media filed for bankruptcy in 2023.
sports illustrated shutdown.
of trend, vanity fairand layoffs are coming at Condé Nast.
Jezebel closed.
Best of all, 2,681 liars will lose their jobs in 2023, more than the previous two years combined.
Please load this…
BuzzFeed went public in 2021 with a valuation of $1.7 billion, but has lost 97 percent of its value in the years since. BuzzFeed now sells its own parts, starting with a food site. The report said Tasty and First We Feast “were key elements of BuzzFeed's efforts to generate revenue streams beyond advertising” through products.
What do I think? BuzzFeed is short on cash, forcing him to sell one of his few popular businesses.
Vice Media values changed from $1005.7 billion Unable to pay its bills, it filed for Chapter 11, no one wanted to buy it, and its junk site is now worth just $350 million. And, like BuzzFeed, the company is also selling parts of itself, and in this case, “Refinery29's revenue fell from about $50 million in 2022 to $30 million last year, according to a person familiar with the matter.'' They say,”
Just four years ago, Vice acquired Refinery29 to: Wait Wait — $400 million. So while Vice paid Refinery29 his $400 million in 2019, Vice itself is now worth less than that at his $350 million.
This is a collapse of ideology and attitudes that is not slow motion.
This young, ignorant, smarter-than-you, know-it-all, powerless, self-righteous way of distributing news and lifestyle content has finally come to an end. People are tired of that attitude, tired of being lied to, told how to live, how to speak, what to believe, and what makes you virtuous and what not to do. I'm tired of being rejected.
The left's rotting corpse institutions, including the media, Hollywood, and academia, are all facing excessive liquidation. This is a fun time, so be careful.
We will give you a free signed book tag. purchase John Nolte's debut novel borrowed time (Bombardier Books) During December.
“Although this book cannot be accurately classified as a Christian novel, it expresses Christian themes as surely and more effectively as if it were one. Nolte's creative imagination and story. Telling’s abilities are astounding.” — david limbaugh
After purchase, email your address and customization request to JJMNOLTE at HOTMAIL dot COM.
