Thursday, November 30, 2017

More Winning: LAist and Buzzfeed Cutting Staff, Shutting Down

LAist had been following me, Joseph Turner, and others in the pro-American, pro-law enforcement movement in Southern California.

Julia Wick was also the reporter who cut the video which made it seem as though as a law-abiding retired parole officer had unjustly taken out his firearm to protect himself. Julia Wick followed my on Periscope while I was speaking at another Cudahy City Council meeting.



Wick spent more time focusing on a sign at my feet than actually following the proceedings! Pretty bad journalism, I must say.

At any rate, here's the news I read about LAist, which came from another alternative newspaper that is shuttering down:

Los Angeles news site LAist, along with sister publications in New York, Chicago, San Francisco and Washington, were shut down abruptly this afternoon. A note from CEO Joe Ricketts greeted visitors to the sites:


"Progress hasn't been sufficient to support the tremendous effort and expense needed to produce the type of journalism on which the company was founded. I'm hopeful that in time, someone will crack the code on a business that can support exceptional neighborhood storytelling for I believe telling those stories remains essential."

WOW!

Later in the report, the writer targets the unionization efforts of the media workforce, which likely hastened the demise of the media empire. Wow, I thought that unionization helped workers!

But the winning continues!

Buzzfeed, notorious for their Fake News reputation of smearing the President and his supporters, had to cut major staffing for not making the revenue projections.


BuzzFeed is laying off about 100 employees in the US and restructuring its advertising sales operation amid a tough digital media market.

In an email to staff, BuzzFeed CEO Jonah Peretti said Greg Coleman, a veteran advertising executive and BuzzFeed's president, is transitioning to an advisory role. The cuts in the US, which come from the business operation, reflect about 8% of staff.

BuzzFeed News Editor-in-Chief Ben Smith said in an email to staff that the US news team was not directly affected.



CNBC depicts the deeper impact of these failures:

The layoffs, previously reported by The Wall Street Journal, follow an earlier Journal report that BuzzFeed's revenue may fall up to 20 percent short of forecasts this year. The revenue shortfall is expected to delay BuzzFeed's hotly anticipated initial public offering, according to the Journal's sources.

At that time, BuzzFeed told CNBC: "BuzzFeed grew revenue, content views, unique visitors, and time spent in 2017; we've expanded our ad offering with new products ... and rapidly diversified revenue through commerce, licensing, and development for TV and film."

While the wave of layoffs — reportedly affecting 100 employees — may not be as large as some that have hit the media industry, BuzzFeed was widely considered a digital media darling that was growing rapidly.

You mean that Buzzfeed was supposed to be the new breakout model for digital media?

And they failed? Perhaps it had something to do with all the left-wing banter and bias which had overwhelmed their web page?

At any rate, it's very satisfying that the Fake News press in the Los Angeles/New York areas are taking such a dive, especially when they had been targeted and attacking Trump supporters like me and We the People Rising.




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