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!
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!)