Posts tagged with "Arianna Huffington"

Big deal: BuzzFeed acquires HuffPost

November 23, 2020

Digital culture and news company BuzzFeed has agreed to buy HuffPost from Verizon Media, the companies announced on November 19—a move that combines two of the internet’s largest consumer media properties, NBC News reports.

Verizon also will make an investment to become a minority shareholder in BuzzFeed—and the deal will see the two companies partner on shopping experiences for consumers, content syndication across each other’s platforms, and ad products.

BuzzFeed paid for HuffPost with company shares, the value of which was not disclosed. Verizon Media acquired HuffPost when it bought AOL for a reported $4.4 billion in 2015. NBCUniversal, the parent company of NBC News, is an investor in BuzzFeed.

The merged company will be run by Jonah Peretti, BuzzFeed’s co-founder and CEO, who is also one of the co-founders of the original HuffPost site, originally called The Huffington Post. An editor-in-chief will be brought on to head HuffPost, which will be run as its own brand and separate site.

I still vividly remember the night we launched HuffPost and the excitement of growing it into a major news outlet during those early years,” Peretti said in an internal email to BuzzFeed staff, obtained by NBC News. “But we aren’t buying HuffPost because of its illustrious past or my personal connection; we pursued this opportunity because we are excited about the future of HuffPost and all the potential it has to continue to define the media landscape for years to come.”

On Thursday, Huffington Post founder Arianna Huffington tweeted that she was “so happy” to see the company joining forces with BuzzFeed 15 years after Peretti helped found it. “Such exciting news and looking forward to all that’s to come,” she said.

The deal combines two of the most successful digital media companies from different eras. HuffPost emerged as one of the first successful digital media outlets of the 2000s. BuzzFeed, launched in 2006, became the dominant digital media operation years later, from a surge of readers who came primarily through social media platforms, especially Facebook.

While each was able to amass a sizable audience and attract millions of dollars in private investment, both struggled to turn a profit. Facebook and Google have remained the primary destination for digital advertising spending, with most digital media websites facing similar challenges as BuzzFeed and HuffPost.

Peretti said that the Covid-19 pandemic has accelerated the shift to digital and benefited digital-first companies and that BuzzFeed hopes this deal will enable it to “be the formidable leader in our space.”

Research contact: @NBCNews

Trump Calls Omarosa Manigault Newman ‘That Dog’

August 15, 2018

On Tuesday, August 14—the morning that former White House Assistant to the President Omarosa Manigault Newman’s book, Unhinged: An Insider’s Account of the Trump Administration went on sale—the POTUS tweeted his thoughts at 7:31 a.m. “When you  give a crazed, crying lowlife a break, and give her a job at the White House, I guess it just didn’t work out. Good work by General Kelly for quickly firing that dog!”

In response, Manigault Newman told Katy Tur of MSNBC that, if her former boss called her a “dog” in public, she wondered what he called her privately.

During that same interview, Manigault Newman said that she had told Special Counsel Robert Mueller, who is conducting the investigation on Russia’s involvement in the 2016 election, that “there was a lot of corruption” in the campaign and the administration. She added that Trump had known about the “hacked emails” before they were released.

And the plot continues to thicken, as Trump and Newman expertly lob insults—and damning new information—at each other.

Trump has deployed the “dog” insult previously, The New York Times reported. In one case , the news outlet said, Trump claimed that his onetime political rival Senator Ted Cruz (R-Texas) “lies like a dog” and, in another, he called Arianna Huffington, co-founder of HuffPost, a “dog.”

On Monday, NBC released a tape Manigault Newman made of her speaking to Trump, which she said was recorded the day after she was fired. In the recording, the president said he knew nothing about this personnel decision and told her, “I don’t love you leaving at all.”

Last December 12, White House Chief of Staff, John F. Kelly, fired her in the Situation Room, the most secure conference room in the White House. Manigault Newman has released a recording of that conversation, as well.

Kelly said, according to her new book, “I’d like to see this be a friendly departure. There are pretty significant legal issues that we hope won’t make it ugly for you.” However, he declined to hash over the rationale for letting her go, saying “This is a nonnegotiable discussion.”

Manigault Newman has said she has more audio recordings, and in an interview Monday on MSNBC’s “Hardball,” she said she would continue to cooperate with the special counsel, if asked. “Anything they want, I’ll share,” she said.

Just the day before, on August 13, a Trump tweet confirmed, after months of confabulation on the issue, that Manigault Newman had been forced to sign a non-disclosure agreement. Such agreements are illegal, unless they are confined to information that is top secret and highly secure.

The POTUS’s job approval rating registered at 39% on August 12, according to the Gallup poll.

 Research contact: datainquiry@gallup.com