NBCUniversal Poised to Make Big Investments in BuzzFeed and Vox Media
Sources say Comcast’s TV and film unit has a “handshake” agreement with BuzzFeed, which raised $50 million last year at a $850 million valuation. […] BuzzFeed, which had previously considered selling to Disney, did more than $100 million in revenue last year. People familiar with the company say its internal projections called for revenue of $250 million this year, spurred in part by “native ads” created by its fast-growing video unit. – Kara Swisher & Peter Kafka, Re/code
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