Buzzfeed CEO Reveals Bold Prediction For the Future of Media

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The Street

By Ian Krietzberg Jonah Peretti thinks “we are at the end of an era.” The Pulitzer-winning offshoot of BuzzFeed — BuzzFeed News — was shut down April 20 in an effort to make the troubled media company more profitable. The shuttering of BuzzFeed News reduced 15% of BuzzFeed’s total staff. The shift away from BuzzFeed News comes at the “end of an era for digital media,” and serves as part of the company’s adaptation to the coming new age, CEO Jonah Peretti said in a blog post detailing five predictions for media’s future last week. DON’T MISS: BREAKING: Read BuzzFeed CEO’s Heartbreaking Letter…

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