BuzzFeed shutters news unit, cuts 15% of staff
By Yuvraj Malik and Greg Bensinger (Reuters) -BuzzFeed Inc said on Thursday it will shutter its news division, which gained renown for its irreverent and probing coverage but ultimately succumbed to the challenges of its digital-first business model. Shares of BuzzFeed nosedived 20% to 75 cents after the New York-based media company said it will…
