BuzzFeed cutting news staff as top editor departs
Mark Schoofs, who had been editor-in-chief since 2020, told staff that he is leaving the company. Samantha Henig, the news division’s executive editor of strategy, will replace him on an interim basis.
The changes came as BuzzFeed announced its first earnings as a public company on Tuesday. The company reported fourth-quarter revenue increased 18% due to growth in advertising and content sales. But it expects first-quarter sales will decline “by a low single-digit percentage” and the adjusted loss before interest, taxes, depreciation and amortization this quarter will be in the range of $15 million to $20 million.
“We will prioritize investments around coverage of the biggest news of the day, culture and entertainment, celebrity, and life on the internet,” he said. The unit has lost money for years and underwent a series of job cuts as the company tried to stem financial losses ahead of going public.
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