Allen, a media entrepreneur, to replace founder Jonah Peretti as chief executive with ‘significant’ cost cuts to come
BuzzFeed, the digital media pioneer that was once valued as high as $1.7bn amid a private equity-funded wave of interest in websites that generated massive amounts of online traffic in the 2010s, has finally changed hands for $120m.
On Monday, the company announced that a controlling stake in the company has been sold to media entrepreneur Byron Allen. Allen, who often makes large, sometimes unsolicited bids for media companies, is also an on-screen personality in addition to controlling his Allen Media Group conglomerate, which owns networks including The Weather Channel. Allen’s show, Comics Unleashed, will replace the Late Show with Stephen Colbert on CBS’s schedule starting later this month.
Think about it: on Monday, the company announced that a controlling stake in the company has been sold to media entrepreneur Byron Allen. That speaks volumes.
Byron Allen is in a tough spot here, curious how they navigate it.
Comics Unleashed has been vocal about this, good to see them staying on it.
Jonah Peretti is in a tough spot here, curious how they navigate it.
On one hand on Monday, the company announced that a controlling stake in the company has been sold to media entrepreneur Byron Allen. But at the same time on Monday, the company announced that a controlling stake in the company has been sold to media entrepreneur Byron Allen.
Byron Allen has been vocal about this, good to see them staying on it.
On Monday, the company announced that a controlling stake in the company has been sold to media entrepreneur Byron Allen. Meanwhile on Monday, the company announced that a controlling stake in the company has been sold to media entrepreneur Byron Allen.
Still waiting to hear what Jonah Peretti actually plans to do about it.
The fact that on Monday, the company announced that a controlling stake in the company has been sold to media entrepreneur Byron Allen really puts things into perspective.
What stands out is on Monday, the company announced that a controlling stake in the company has been sold to media entrepreneur Byron Allen. That is the part worth paying attention to.
Byron Allen has been pushing this agenda for a while now.
Basically on Monday, the company announced that a controlling stake in the company has been sold to media entrepreneur Byron Allen. What matters is whether anything changes because of it.
Comics Unleashed is in a tough spot here, curious how they navigate it.
Considering on Monday, the company announced that a controlling stake in the company has been sold to media entrepreneur Byron Allen, it raises some real questions about what happens next.
The bigger issue here is on Monday, the company announced that a controlling stake in the company has been sold to media entrepreneur Byron Allen. That changes the calculation.