Left-Wing New Media Bubble Bursting: BuzzFeed, Gawker, Salon, Vice in Trouble

[WestVirginiaRebel]

Breitbart:

It was reported this week that BuzzFeed has slashed its 2016 revenue forecast in half, after missing its 2015 target by more than $80 million.

 

Revelations of financial pain at the clickbait empire — long seen as the most successful millennial-oriented new media property — is just the latest in a string of bad news for left-wing new media. From Gawker to Salon to the Huffington Post, they all seem to be in trouble.

 

According to the Financial Times (paywalled), BuzzFeed missed its revenue target by approximately 32 percent in 2015, making less than $170 million against a target of $250 million. It would seem that articles like “18 Cats Who Are Beyond Pumped For Taylor Swift’s New Album” might not have been as popular as investors thought.

 

But BuzzFeed is not alone. Salon.com, known for publishing articles so absurdly left-wing that their headlines are sometimes difficult to differentiate from its well-known parody Twitter account, was recently forced to lay off six long-time staffers, including Assistant Managing Editor Ruth Henrich and Life Editor Kim Brooks. Salon CEO Cindy Jeffers later confirmed that the layoffs were due to budget cuts at the company.

________

 

The liberal new media apocalypse?