BuzzFeed shares soared early Wednesday after the entrepreneur and former presidential candidate Vivek Ramaswamy reported a stake in the online media company and asked for talks with the board.Ramaswamy, who ended his candidacy in January and threw his support behind Donald Trump, has taken a 7.7% stake in BuzzFeed, worth about $6.81 million based on Tuesday’s closing share price. The purchase makes Ramaswamy the fourth largest shareholder in BuzzFeed, trailing Comcast, NEA Management and Hearst Communications.The stock surged as much as 77% to $4.44 at the market open on Wednesday to hit the highest intraday level since April 2023. It was the stock’s biggest gain since February.In a filing with the Securities and Exchange Commission, Ramaswamy said he seeks to “engage in a dialogue with board or management about numerous operational and strategic opportunities to maximize shareholder value, including a shift in the company’s strategy.”Ramaswamy founded pharmaceutical company Roivant Sciences in 2014, and co-founded Strive Asset Management in 2022. He stepped away from the asset management firm last year to focus on his presidential run and has said he isn’t returning. Ramaswamy’s position in BuzzFeed marks his latest move since ending his political campaign.BuzzFeed, known for its online quizzes, lists of “bests,” and articles on pop culture, has struggled in recent years due to cutbacks in internet advertising. Last year, the company eliminated its news division amid... Continue reading at 'Crains New York'
[ Crains New York | 2024-05-22 14:46:15 UTC ]
On a cultural obsession with Patty Hearst and the fine line between writing other people’s traumas and exploiting them. | Lit Hub Criticism Rebecca Solnit shares some of her favorite objects: “Your whole life is a research expedition, collecting specimens and building your pattern-recognition... Continue reading at Literrary Hub
[ Literrary Hub | 2025-05-29 10:30:22 UTC ]
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When I was seventeen, my friend—the kind of person who always finds hidden gems in used bookstores—leant me Every Secret Thing, Patricia Hearst’s memoir about being kidnapped and forcibly radicalized by an urban guerrilla group. Hearst spent nearly all of 1974 on the run with the Symbionese... Continue reading at Literrary Hub
[ Literrary Hub | 2025-05-29 07:28:27 UTC ]
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Huckabee worked at the Hearst owned ABC affiliate for nearly ten years before leaving in 2021. Continue reading at AdWeek
[ AdWeek | 2025-05-12 16:17:29 UTC ]
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Longtime Hearst Television executive Shawn Oswald has been named president and general manager of Hearst Television's Milwaukee, Wisconsin ABC affiliate WISN. He will take over for Jan Wade, who is retiring at the end of the year. This is a return to WISN for Oswald, who... Continue reading at AdWeek
[ AdWeek | 2024-12-04 14:08:26 UTC ]
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HarperPop “will partner with high-profile brands and personalities to craft unique books for their fans and communities” under a new imprint to be overseen by executives from HarperCollins Children's Books and Morrow’s Dey Street Books imprint. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-12-04 05:00:00 UTC ]
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Merging of daily newspaper and celebrity magazine employees is latest move by owner, Reach, to cut costsThe Daily Mirror is to merge its staff with those on the celebrity title OK! magazine in the latest move by the UK’s largest commercial news publisher to further cut costs.The plan to combine... Continue reading at The Guardian
[ The Guardian | 2024-11-23 15:06:40 UTC ]
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Another novel written by a UK author has been withdrawn as publishers and booksellers grapple with the issues of First Nations culture and history as plot pointsGet our weekend culture and lifestyle emailWhen British crime writer Elly Griffiths released her fourth novel in the bestselling Ruth... Continue reading at The Guardian
[ The Guardian | 2024-11-22 23:00:25 UTC ]
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Jan Wade will retire as the president and general manager of WISN, Hearst Television's ABC affiliate in Milwaukee, Wisconsin, at the end of this year. Wade joined WISN in 2007. "Leveraging her deep industry experience, Jan has led WISN to a consistent level of excellence... Continue reading at AdWeek
[ AdWeek | 2024-11-20 12:01:33 UTC ]
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Crain’s exclusive list of the largest privately held companies in New York is back, featuring 100 businesses ranked by 2023 revenue.On average, these companies saw revenue jump 15% from 2022 to 2023. Last year’s median revenue likewise increased about 15%, up to nearly $660 million.Combined,... Continue reading at Crains New York
[ Crains New York | 2024-11-18 11:03:10 UTC ]
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Fans will love these deep dives into 'Ted Lasso,' Taylor Swift, and 'Gilmore Girls.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-11-08 05:00:00 UTC ]
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John L. Humphries, a veteran of 18 years at Hearst Television and more than four decades in broadcast TV, will retire later this year from his current post of president and general manager of WYFF in Greenville-Spartanburg-Anderson, South Carolina and Asheville, North... Continue reading at AdWeek
[ AdWeek | 2024-10-15 20:00:19 UTC ]
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