September 12, 2013

instapaper.com

We will NOT launch a BuzzFeed TV show, radio station, cable network, or movie franchise - we’ll leave that to the legacy media and Hollywood studios… we will NOT launch a print edition or a paywall or a paid conference business - we’ll leave that to other publications. …We will stay away from anything that requires adopting a legacy business model, even a lucrative one like cable syndication fees or prime time television ads. What seems like a lucrative opportunity today is often a distraction from building something much more exciting tomorrow. We need to stay patient and focused.And that’s our plan for the coming year!

Memo To The BuzzFeed Team

Jonah Peretti, BuzzFeed’s CEO is thinking of a master plan… Innovation over the quick buck, and also using earnings to aggressively hire new talent. (writers can still get jobs!)

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