Jonah Peretti Talks BuzzFeed and Media
"The attention has moved, but the content-creation resources mostly haven’t."
It’s time for everyone’s year-end memo, and Recode got a look at the one from BuzzFeed CEO and co-founder Jonah Peretti. As usual, the note is extremely long, so here’s a couple highlights.
On the fake news problem:
…Media companies have been much too slow to shift to digital; they’ve clung to print and broadcast, even when it was clear audiences are moving elsewhere. This means the budgets for quality journalism are focused on the wrong places, creating a void that is filled by the cheapest possible content, often from questionable sources.
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