HuffPost parent company Buzzfeed said Wednesday that it is slashing 16% of its workforce — the latest in a wave of layoffs by financially-strapped media companies — and will sell music and culture-focused site ComplexThe digital media company — once an advertising revenue juggernaut — said the cuts are “designed to reduce centralized costs and to allow the company to become more agile, sustainable, and profitable.” Buzzfeed declined to comment on the total number of cuts. It has fewer than 1,000 employees. ...

BuzzFeed announced plans to lay off dozens of employees after offloading Complex Networks at a significant discount.The struggling digital media group, which also owns HuffPost, said it would reduce its remaining workforce by 16% as part of a strategic restructuring. This will save the firm about $23m a year, it said.It sold most of Complex, a publisher focused on streetwear and pop culture, to Ntwrk, an e-commerce group, for $108.6m – just over two years after buying the business in a $294m deal. BuzzFeed ...

BuzzFeed is selling Complex to NTWRK for $108.6 million in cash plus $5.7 million for use of NYC office space, severance and other employee costs. It also announced a strategic restructuring including laying off 16% of its workforce that it expects will save $23 million a year. It will discuss details on Feb. 28 The company sold itself in a SPAC deal in 2021 and went public. It shut its news division last year amid challenging economics. The company said the sale of Complex is expected to enhance its prof ...

As has been the case with a number of high-profile special purpose acquisition company (SPAC) mergers, the past three years have been rather dim for most de-SPAC companies. BuzzFeed (NASDAQ:BZFD) is certainly one company that can be included in this group. BZFD stock is now trading around 25 cents per share — a far cry from the company’s $10 SPAC merger price a little more than two years ago.Of course, a lot has changed since the height of the hype-driven market in late-2021. Online media companies are stru ...

BuzzFeed, Inc. (NASDAQ:BZFD) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Amita Tomkoria - SVP of IR Jonah Peretti - Founder, Chairman & CEO Marcela Martin - President Felicia DellaFortuna - CFO Conference Call Participants Operator Good day, and thank you for standing by. Welcome to the BuzzFeed, Inc. Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference o ...

3 • our ability to maintain the listing of our Class A common stock and warrants on The Nasdaq Stock Market LLC; and 5 | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------|-----------|-------------|--------------------------------------|-------|------------------------------------|-------------|----------------------------------| | Revenue | Three \n$ | Ended \n$ | September 30, \n2022 \n103,733 | $ | Nine Months \n2023 \n218,353 ...

BuzzFeed, Inc. (NASDAQ:BZFD) Q2 2023 Results Conference Call August 8, 2023 5:00 PM ET Company Participants Amita Tomkoria - SVP of IR Jonah Peretti - Founder, Chairman & CEO Marcela Martin - President Felicia DellaFortuna - CFO Operator Good day, ladies and gentlemen. Thank you for standing by. Welcome to BuzzFeed's Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator ...

6. Property and Equipment, net Table of Contents In June 2021, in connection with the entry into the merger agreement pursuant to which Business Combination was consummated, the Company entered into subscription agreements with certain investors to sell $150.0 million aggregate principal amount of unsecured convertible notes due 2026 (i.e., the Notes). In connection with closing of the the Business Combination, the Company issued, and those investors purchased, the Notes. The Notes bear interest at a rate o ...

BuzzFeed Inc. (NASDAQ:BZFD) Q1 2023 Results Conference Call May 9, 2023 5:00 PM ET Company Participants Amita Tomkoria - SVP of IR Jonah Peretti - Founder, Chairman & CEO Marcela Martin - President Felicia DellaFortuna - CFO Operator Good afternoon, and welcome to the BuzzFeed, Inc. First Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Amita Tomkoria, Senior Vice President, Investor Relations. Please go ...

Table of Contents For the Transition Period from to Commission file number: 001-39877 ______________________________________________________________ BuzzFeed, Inc. (Exact Name of Registrant as Specified in Its Charter) ______________________________________________________________ Delaware 85-3022075 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 229 West 43rd Street New York, New York 10036 (Address of principal executive offices) (Zip Code) (646) 397-20 ...