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Breitbart Reports: WBuzzFeed and Vice Media, two failing left-wing sites, are starting to sell off their parts, reports the Wall Street Journal.
The Wall Street Journal portrays these developments in much too narrow of a way — as “yet 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 a volatile ad market and a decline in traffic[.]”
The corporate/establishment/leftist media are collapsing, and it is freakin’ glorious.
CNN has fallen off a ratings cliff.
The Los Angeles Times is losing about $40 million a year, cutting nearly a third of its staff over two recent layoffs.
The Washington Post slashed staff and lost nearly $100 million in 2023.
BuzzFeed laid off 15 percent of its staff and closed BuzzFeed News entirely.
Vice Media filed for bankruptcy in 2023.
Sports Illustrated shut down.
The Vogue, Vanity Fair, and Condé Nast layoffs are coming.
Jezebel closed.
Best of all, 2,681 liars lost their jobs in 2023, more than the previous two years combined.
Get a load of this…

BuzzFeed went public in 2021, valued at $1.7 billion, and lost 97 percent of its value in the few years since. Now, BuzzFeed is selling its parts, starting with its food sites. According to the report, Tasty and First We Feast had “been a key component of BuzzFeed’s efforts to generate revenue streams beyond advertising” through merchandise.