You might have heard: BuzzFeed CEO Jonah Peretti says BuzzFeed is in the business of news because “it’s good for the world, it’s good for business, and it’s good for our company culture”
But did you know: BuzzFeed CEO Jonah Peretti wrote an essay last summer about why BuzzFeed does news, but some are questioning the business value of BuzzFeed’s news operations now. BuzzFeed announced this week that it was building a team in NYC to work on news video, described as the “center of a Venn diagram” between BuzzFeed News and BuzzFeed Motion Pictures. CNN Money’s Dylan Byers reports that some in the industry believe that BuzzFeed could eventually “curtail or even jettison” its news division to focus on more profitable areas such as video and entertainment.
The post The business value of BuzzFeed’s journalism is coming into question, and some say BuzzFeed could curtail news to focus on video and entertainment appeared first on American Press Institute.
from American Press Institute http://ift.tt/1WifdLO
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