BuzzFeed Inc said on Thursday (April 20) it will shutter its news division, which gained renown for its irreverent and probing coverage but ultimately succumbed to the challenges of its digital-first business model. Shares of BuzzFeed nosedived 20 per cent to 75 cents after the New York-based media company said it will cease its namesake news and focus on the.
On April 20, American 'liberal' media company BuzzFeed stated it would close its news business to concentrate its news content on HuffPost and reduce its
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