NBCUniversal buys fat slices of BuzzFeed, Vox Media - Poynter.org
Comcast's NBCUniversal unit isn't buying Vox Media and BuzzFeed lock, stock and barrel. The feverish desires to go digital and expand, expand, expand prompt investments of about $200 million in Vox Media and about $200 million in BuzzFeed. ( Re/code ). A top Vox executive was asked if the company plans "to program an NBCU-owned channel, as Vice Media would like to do with A&E’s H2 channel. This may cause dyspepsia among mainstream media executives who have become painfully expert at managing decline. But NBCUniversal just might be pretty smart in that big investment in BuzzFeed. Documents suggest that amid a ton of outside investment, and despite mainstream scorn of its editorial product, it's doing quite well with seven-figure profits and huge hikes in editorial investment. An unnamed publisher paid it $3. 5 million to produce videos while it pays millions of dollars for Facebook traffic. ( Gawker ) Larry Cohler-Esses, the managing editor for news at the Forward, the national American paper, believes he's "the first journalist from a Jewish, pro-Israel publication to be granted a journalist’s visa since the 1979 Revolution," On... Source: www.poynter.org
