Buzzfeed shuts down in UK and Australia; will focus on US news instead.

Due to company's pressures on the advertising-funded business model


Alfred Lee

15 May, 2020

Buzzfeed shuts down in UK and Australia; will focus on US news instead. | BEAMSTART News

- From our Sponsors -

Popular news website, Buzzfeed, has made the decision to stop their news operations in UK and Australia, and will focus solely on US stories instead. 

This decision was made primarily based on the company's revenue model, as the company had been making losses in those 2 markets — previously covering topics on social, celebrities, and investigations.

The company will no longer cover local news in the two countries, but mentioned: "In the UK, we still plan on retaining some employees who are focused on news with a global audience -- social news, celebrity, and investigations."

Buzzfeed office.

Moving forward, Buzzfeed will focus on covering news revolving around economic and social-rights issues.

Ten staff in Britain and four in Australia will be furloughed in a move expected to become permanent layoffs.

Many news outlets have been hit hard both from disruption by social media platforms and the pandemic, further plummeting advertising revenues on an already struggling business model.

"Digital news as well as the papers is fighting a losing battle for revenue online, when more than ever we need accountable journalism to challenge the waves of social media", mentioned British conservative lawmaker, Damian Collins.  

- From our Sponsors -

Latest Jobs

Account Manager (Hybrid)

Pinkerton

New York, NY, United States

Full Time

Salary Undisclosed

Customer Service Representative

Gamer's Hideout Sdn. Bhd.

Dataran Prima, Petaling Jaya, Malaysia

Full Time

MYR 3000 — MYR 4000 monthly

GROCERY SHOPPER UP TO $11/H !THEY ORDER, YOU SHOP!

RecruitFirst

SIngapore, Singapore

Contract / Freelance

SGD 9 — SGD 11 monthly

English Technical/Legal Writer

Pacston Technology Group

Kuala Lumpur, Malaysia

Full Time

USD 20000 — USD 60000 monthly

[URGENTLY NEEDED] Portuguese to English Proofreader

Elite Asia

Malaysia

Contract / Freelance

Salary Undisclosed

Junior Accounts Cum Admin Assistant

LABEL-LINE CORPORATION PTE LTD

Kallang, Singapore

Full Time

SGD 1600 — SGD 1800 monthly

Head of Developers

TWGT

Manila, Philippines

Full Time

USD 2000 monthly

Financial Officer

PIVOT Fintech Pte Ltd

60, #11-25 Paya Lebar Rd, Paya, Singapore

Full Time

USD 5000 — USD 8000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).