BuzzFeed’s news organization has about 100 employees and loses roughly $10 million a year, according to people familiar with the matter.
Several large shareholders have urged BuzzFeed CEO Jonah Peretti to shut down the company's news organization.
BuzzFeed News has about 100 employees and loses roughly $10 million a year, according to people familiar with the matter.is shrinking its money-losing news organization, the company announced Tuesday, amid what people familiar with the matter describe as broader investor concern that the division is weighing down the company.
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