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Buzzfeed is the Media Industry’s Worst Nightmare — Profitable, Growing and Investing in News

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According to an internal memo from founder Jonah Peretti, BuzzFeed has tripled its traffic in a year, has more than 300 employees, is profitable and plans to invest in breaking news and investigative journalism.

http://paidcontent.org/2013/09/04/buzzfeed-is-the-media-industrys-worst-nightmare-profitable-growing-and-investing-in-news/

 

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