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Media Briefing: BuzzFeed’s $120M sale marks another step in the repricing of digital media scale
Byron Allen’s $120 million BuzzFeed deals marks another turning point in the collapse of the platform-era media business model.
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theguardian.com
BuzzFeed sold to Byron Allen, who will take over as CEO in $120m deal
Allen, a media entrepreneur, to replace founder Jonah Peretti as chief executive with ‘significant’ cost cuts to come
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axios.com
Byron Allen strikes deal to buy controlling stake in BuzzFeed and become CEO
The deal gives the 20-year-old digital publisher a much-needed lifeline. Without a buyer, the company likely would've been forced to file for bankruptcy.
