Cuts At Blog Network
Print media is suffering because audiences are all receiving their news online. If this is true then why did Buzz Media (formerly Buzznet) just layoff 20 percent of its staff? The blog network, which includes popular sites such as Stereogum, Idolator and Just Jared, recently received $12.5 million in new financing, from by Focus Ventures, reports paidContent.
The layoffs came after Buzz Media decided to halt a new project they were planning on launching in the coming months.
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