Fake News is buying fake news as Buzzfeed is buying the communist Huffington Post, currenty owned by Verizon media. A new, fake news editor-in-chief for HuffPost will be hired.
| Fake News buys more Fake News – Buzzfeed buying Huffington Post |
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BuzzFeed, Inc. will purchase the news site HuffPost from Verizon Media as part of a stock deal, The Wall Street Journal reported Thursday.
A person familiar with the deal told the newspaper that Verizon Media will invest an undisclosed amount of cash into BuzzFeed as part of a larger agreement in which Verizon Media will own a minority stake in BuzzFeed and the two companies will collaborate on advertising and content opportunities.
Jonah Peretti, BuzzFeed’s current CEO, will lead both outlets. However, HuffPost’s day-to-day operations will not change, and the site will remain a “separate news organization” from BuzzFeed News, BuzzFeed’s Editor-in-Chief Mark Schoofs told employees.