BuzzFeed sells “Hot Ones” studio for $82.5 million
The company said the sale will allow it to depend less on human-created content in favor of “high-margin, tech-enabled revenue lines.”
The company said the sale will allow it to depend less on human-created content in favor of “high-margin, tech-enabled revenue lines.”
BuzzFeed is hoping to get $70 million for First We Feast, maker of “Hot Ones,” according to Bloomberg.
BuzzFeed is laying off around 16 percent of its global workforce as it works to trim costs amid a weak advertising market.