Today's Business Headlines: 03/11/26
BuzzFeed on Thursday flagged going concern doubts and said it will not provide a forecast for 2026 as it evaluates strategic options, sending the digital media company’s shares down 7% after the bell. BuzzFeed has been grappling with a cash crunch as digital advertisers increasingly favor social media platforms such as TikTok and Meta Platforms’ Instagram.
“The current market value of the company does not reflect the strength of our individual brands,” CEO Peretti said on a post-earnings call. “In other words, we believe the sum of the parts is worth more than the whole.” Piers Morgan asks Mehdi Hasan 7 times if he's happy Ali Khamenei no longer ruling Iran — but gets no answer: 'good question'Fears of a bloodbath are growing over Paramount-Warner merger — including speculation around top HBO exec BuzzFeed, with a market capitalization of $28.3 million, said it may lack sufficient cash to meet its financial obligations over the next 12 months. It ended 2025 with cash and cash equivalents of $8.5 million. Though BuzzFeed was one of the defining brands of the social-media-driven digital publishing era, its “situation could be a sign that being well-known and getting a lot of clicks isn’t enough anymore,” said Emarketer analyst Grace Harmon. BuzzFeed said it may lack sufficient cash to meet its financial obligations over the next 12 months. Above, the newsroom in 2014.While BuzzFeed has significantly reduced operating costs and real estate obligations, it still faces “legacy commitments that are burdening the business,” CFO Matt Omer said in a statement. It offloaded a few assets in 2024 to enhance profitability, selling First We Feast, the creator of YouTube’s popular talk show “Hot Ones,” for $82.5 million. It divested publisher Complex to live-video shopping app NTWRK in an all-cash transaction valued at $108.6 million. British media group the Independent took control of BuzzFeed’s UK and Ireland editorial and commercial operations in a multi-year licensing deal the same year. For the fourth quarter ended Dec. 31, BuzzFeed reported revenue of $56.5 million, compared to $56.2 million in the same period last year.Would-be car bomber rammed explosives-laden truck into temple preschool — before guards shot him dead‘Heartbroken’ Rosanna Scotto mourns former co-anchor Ernie Anastos after news icon dies at 82 Stream It Or Skip It: 'Scarpetta' On Prime Video, Where Nicole Kidman Is A Medical Examiner Who Is Haunted By Serial Killings She Thought She Solved Two Decades Ago
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