Popular online media firm ‘Buzzfeed’ is set to close its UK and Australian operations for what the company describes as “both for economic and strategic reasons”.
The media outlet will instead be focusing on news that “hits big in the United States during this difficult period”.
Only 10 jobs will be lost in the curtailing of operations and BBC News media editor Amol Rajan has said that its closure showed that the coronavirus crisis had “claimed a high-profile journalistic institution”.
The media outlet is known for its anti-conservative bent and its January 2017 was decried by the New York Post as taking “fake news to a new level” after it published uncorroborated and later debunked memos alleging that President Trump was being blackmailed by Vladimir Putin.
At the time President Trump described Buzzfeed as a “failing piece of garbage”.
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