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Buzzfeed closing UK and Australian operations

US based online news site BuzzFeed will no longer be covering local news in the UK or Australia… ‘both for economic and strategic reasons, we are going to focus on news that hits big in the United States during this difficult period. Therefore, we will notify staff in the UK and Australia that we are not planning to cover local news in those countries. We will be consulting with employees on our plans regarding furloughs and stand-downs in these regions. ‘
‘In the UK, we still plan on retaining some employees who are focused on news with a global audience — social news, celebrity, and investigations.’

• BuzzFeed is still investing heavily in News. This year, we project that News will spend about $10 million more than it takes in, and roughly $6 million next year.

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