BuzzFeed Sells "Hot Ones" as It Pivots to AI-Generated Content

Quick Summary:

  Embattled media company BuzzFeed is selling off First We Feast, the company behind the extremely popular interview show called "Hot Ones," for $82.5 million to save itself from a growing mountain of debt.

Perhaps unsurprisingly, BuzzFeed is using the opportunity to play the "pivot to AI" card, arguing that doubling down on the tech will magically allow the company to pull itself out of a years-long struggle.

The deal will bring down the media empire's debt load from almost $124 million by $88.8 million, the New York Times reports.

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Article Details

Author / Journalist: Victor Tangermann

Category: Technology

Markets: United States

Topics: Artificial Intelligence Buzzfeed Artificial intelligence Generative ai The digest

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-13 @ 21:12:58 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: futurism.com

Language: English

Article Length: 478 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Futurism

News ID: 24404110

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Official Website: futurism.com

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