{"id":1396075,"date":"2022-03-23T11:14:43","date_gmt":"2022-03-23T15:14:43","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1396075"},"modified":"2022-03-23T11:14:46","modified_gmt":"2022-03-23T15:14:46","slug":"nolte-investors-want-far-left-buzzfeed-news-shut-down-entirely","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nolte-investors-want-far-left-buzzfeed-news-shut-down-entirely\/","title":{"rendered":"Nolte: Investors Want Far-left BuzzFeed News &#039;Shut Down Entirely&#039;"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnolte-investors-want-far-left-buzzfeed-news-shut-down-entirely%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1396075&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"subheading\">Far-left BuzzFeed News is facing cutbacks, losing $10 million a year, has zero impact on the news cycle, and investors want it \u201cshut down entirely.\u201d<\/p>\n<p>Lol.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>\u201cBuzzFeed\u00a0is shrinking its money-losing news organization, the company announced Tuesday,\u201d <a href=\"https:\/\/www.cnbc.com\/2022\/03\/22\/buzzfeed-investors-have-pushed-ceo-jonah-peretti-to-shut-down-newsroom.html\">reports<\/a> CNBC, \u201camid what people familiar with the matter describe as broader investor concern that the division is weighing down the company.\u201d<\/p>\n<p>\u201cWeighing down the company.\u201d<\/p>\n<p>Lmao.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>\u201cSeveral large shareholders have urged BuzzFeed founder and CEO Jonah Peretti to shut down the entire news operation, said the people [familiar with the matter],\u201d the report continues. \u201cBuzzFeed News, which is part of its content division, has about 100 employees and loses roughly $10 million a year[.]\u201d<\/p>\n<div id=\"attachment_15947466\" class=\"wp-caption alignnone\"><a href=\"https:\/\/media.breitbart.com\/media\/2021\/03\/GettyImages-1073346662.png\"><\/a><\/p>\n<p class=\"wp-caption-text\">Buzzfeed CEO Jonah Peretti poses for a portrait at Buzzfeed\u2019s New York Headquarters on December 14, 2018 in New York City. BuzzFeed is an American internet media and news company that was founded in 2006. According to a recent report in The New York Times, the company expects to surpass 300 million dollars in earnings for the 2018 fiscal year. (Photo by Nicholas Hunt\/Getty Images)<\/p>\n<\/div>\n<p>Here\u2019s my favorite part: \u201cOne shareholder told CNBC shutting down the newsroom could add up to $300 million of market capitalization to the struggling stock.\u201d<\/p>\n<p>LMFAO.<\/p>\n<p>Imagine working for a news organization where your extinction will INCREASE the parent company\u2019s value by $300 million.<\/p>\n<figure id=\"M-ROS-B3\" class=\"a8d adSo\"><\/figure>\n<p>Come on, that\u2019s funny.<\/p>\n<p>Already BuzzFeed News has \u201coffered voluntary buyouts to fewer than 30 employees\u201d and the editor-in-chief resigned.<\/p>\n<figure id=\"D-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Buh-bye.<\/p>\n<p>Nothing will ever top the #WinningChub created by CNN\u2019s implosion, but this is still pretty sweet.<\/p>\n<p>BuzzFeed was founded in 2006. BuzzFeed News came online in 2011 and was basically a multimillion dollar superPAC for Barack Obama\u2019s reelection campaign, overseen by one of the media\u2019s most successful and dishonest grifters, Ben Smith.<\/p>\n<figure id=\"M-ROS-B4\" class=\"a8d adSo\"><\/figure>\n<div id=\"attachment_12519027\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/03\/GettyImages-1071861910.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12519027\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/03\/GettyImages-1071861910.jpg\" alt=\"NEW YORK, NY - DECEMBER 11: BuzzFeed News Editor-in-Chief Ben Smith talks with colleagues in the newsroom at BuzzFeed headquarters, December 11, 2018 in New York City. BuzzFeed is an American internet media and news company that was founded in 2006. According to a recent report in The New York Times, the company expects to surpass 300 million dollars in earnings for the 2018 fiscal year. (Photo by Drew Angerer\/Getty Images)\" width=\"640\" height=\"480\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">NEW YORK, NY \u2013 DECEMBER 11: BuzzFeed News Editor-in-Chief Ben Smith talks with colleagues in the newsroom at BuzzFeed headquarters, December 11, 2018 in New York City. BuzzFeed is an American internet media and news company that was founded in 2006. According to a recent report in The New York Times, the company expects to surpass 300 million dollars in earnings for the 2018 fiscal year. (Photo by Drew Angerer\/Getty Images)<\/p>\n<\/div>\n<p>The site was a an obvious left-wing propaganda outlet from day one and, because Breitbart News saw through it immediately, we were a frequent target of some hilarious expos\u00e9s.<\/p>\n<p>Although their childish attacks on Romney did generate some heat in the news cycle, the site never generated any heat with readers. The comment count was and remains a black hole. After the 2012 election, BuzzFeed basically evaporated. It\u2019s next big splash was Smith\u2019s grotesque decision to publicly release the phony and discredited dossier that falsely accused President Trump of a bunch of lies.<\/p>\n<p>As the ship he built sank, like rats do, Smith jumped off to do some media reporting for the <em>New York Times<\/em>.<\/p>\n<p>He\u2019s now left the <em>New York Times<\/em> to create another news organization that he promises will be \u2014 lol \u2014 objective. It won\u2019t be and it will fail, but Smith will almost achieve what I assume is his primary goal (and the goal of all socialists): to become filthy rich.<\/p>\n<p>For the first time in nearly a decade, I took a look at the BuzzFeed News page today. It\u2019s the walking dead over there.<\/p>\n<p>Where exactly did BuzzFeed News think it would make a mark in a country already drowning in left-wing news outlets disguised as \u201cobjective?\u201d What demographic was BuzzFeed News looking to attract by aping everyone else? What was the market they were after? What was the audience?<\/p>\n<p>The whole enterprise is a joke, a vanity publication weighing down its parent company to the tune of $300 million.<\/p>\n<p>If that\u2019s not failure\u2026.<\/p>\n<p>Anyway, as I was saying\u2026 Lol.<\/p>\n<p><strong><em>Follow John Nolte on Twitter <\/em><\/strong><a href=\"https:\/\/twitter.com\/NolteNC\"><strong><em>@NolteNC<\/em><\/strong><\/a><strong>. <em>Follow his Facebook Page <\/em><\/strong><a href=\"https:\/\/www.facebook.com\/JohnNolteNC\/?skip_nax_wizard=true\"><strong><em>here<\/em><\/strong><\/a><strong><em>.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Far-left BuzzFeed News is facing cutbacks, losing $10 million a year, has zero impact on the news cycle, and investors want it \u201cshut down entirely.\u201d Lol.  \u201cBuzzFeed\u00a0is shrinking<\/p>\n","protected":false},"author":9,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1396075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1396075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1396075"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1396075\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1396075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1396075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1396075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}