Buzzfeed uk

India's Go First has received two financial bids as part of its bankruptcy process, said two bankers who attended a meeting of the airline's creditors held on Friday, buzzfeed uk. Skip to main content.

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Buzzfeed uk

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Exclusive news, data and analytics for financial market professionals Learn more about Refinitiv. India's Go First has received two financial bids as part of its bankruptcy process, said buzzfeed uk bankers who attended a meeting of the airline's creditors held on Friday, buzzfeed uk.

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The company, which had been struggling before the coronavirus pandemic further hammered its lifeblood of advertising revenue, has furloughed its 10 UK news staff and four in Australia as part of the strategic cutback. BuzzFeed launched a local news operation in the UK just over six years ago. We will be consulting with employees on our plans regarding furloughs and stand-downs in these regions. Launched by Jonah Peretti in , the outlet is among a generation of start-ups, also including Vice and Vox, that took the media world by storm only to run into financial difficulty as the advertising climate collapsed. The unprecedented advertising slump brought on by the coronavirus has hastened the end of an already struggling business model.

Buzzfeed uk

BuzzFeed UK was once looked upon with envy by legacy publishers who coveted its reach with younger audiences, but its star has faded after huge losses at its parent company. Free online news publishers are facing a torrid financial time as social networks such as Facebook are no longer sending as many readers, while advertisers are cutting spending. It could now come under the editorial and commercial control of the Independent, which was launched in and is part-owned by a bank controlled by the Saudi state. They said that readers of the Independent should not expect to see a proliferation of listicles and other highly shareable content as popularised and mastered by BuzzFeed, as the publications would remain entirely separate. Despite vast sums ploughed into the organisation by investors, it has struggled to become financially secure. In March , HuffPost shut down its national news operation , retaining only the politics team. The Independent appointed the former Daily Mail editor Geordie Greig as editor-in-chief at the start of last year, as the news outlet was facing tough financial challenges and dealing with a round of redundancies.

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Accounts Next accounts made up to 31 December due by 30 September Last accounts made up to 31 December You've rejected analytics cookies. Tell us what you think of this service link opens a new window Is there anything wrong with this page? BuzzFeed's staff in Britain will shift to The Independent, the source said. The Independent did not immediately respond to a Reuters request for comment. A screen announces the debut of BuzzFeed Inc. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. Skip to main content. Next statement date 4 December due by 18 December You can change your cookie settings at any time. BuzzFeed, which shuttered its news unit in April last year , was founded by Jonah Peretti and John Johnson in and went public through a blank-check merger in

B uzzFeed bills itself as the "first true social news organisation", publishing everything from slapstick images of cats to in-depth analysis of the US economy — and now the list-mad site is set to expand into the UK.

Next accounts made up to 31 December due by 30 September The deal talks come at a time when major media outlets, including the Los Angeles Times and the Business Insider, have cut jobs as they grapple with declining advertising revenue in an uncertain economic environment. Last accounts made up to 31 December Skip to main content. We use cookies to make our services work and collect analytics information. BuzzFeed, which shuttered its news unit in April last year , was founded by Jonah Peretti and John Johnson in and went public through a blank-check merger in Follow this company File for this company. You've rejected analytics cookies. Business category ExxonMobil weighs offers for Argentina shale assets, source says February 23, BuzzFeed's staff in Britain will shift to The Independent, the source said. Accounts Next accounts made up to 31 December due by 30 September Last accounts made up to 31 December To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. Accept analytics cookies Reject analytics cookies View cookies. The Independent will take control of both the editorial and commercial operations of BuzzFeed and its various brands, including HuffPost, Tasty and Seasoned, in Britain under a licensing deal, the source said on Thursday. The news division of BuzzFeed was once viewed as a serious challenger to legacy media companies and won a Pulitzer Prize in for the coverage of China's mass detention of Muslims, but it failed to find a working business model and was a consistent money loser.