Skip to content

HUSH, HUSH: They deny - but NBC invests $250 million in BuzzFeed

Free World Class Education
FREE Catholic Classes

By Catholic Online (NEWS CONSORTIUM)
8/14/2015 (4 years ago)
Catholic Online (

Move seen as bid to tap into millennial audiences

A major media organization is laying out a pretty penny in order to be seen as "cutting edge" and "trendy." NBCUniversal is reportedly investing $250 million in BuzzFeed at a $1.5 billion valuation. BuzzFeed is a hyperkinetic, colorful news Web site dedicated to doling out information in bites size pieces, which is interpreted as what young people, or "millenials" are supposed to like. 


By Catholic Online (NEWS CONSORTIUM)
Catholic Online (
8/14/2015 (4 years ago)

Published in TV

Keywords: BuzzFeed, NBCUniversal, buyout, investmet, Chris Dixon

LOS ANGELES, CA (Catholic Online) - BuzzFeed has declined to comment on this report, according to Re/code's Kara Swisher and Peter Kafka. 

Led by Andreessen Horowitz's Chris Dixon, BuzzFeed raised a $50 million Series E round last summer,. The Series E capital infusion valued BuzzFeed at $850 million at the time.

BuzzFeed made more than $100 million in revenue last year. In addition, NBCUniversal is reportedly investing in Vox Media at an $850 million valuation.

Both media companies wish to "tap into millennial audiences," Re/code reports NBCUniversal may be attempting to invest in cord cutters who casually disregard NBC's TV content as old and irrelevant.

The Wall Street Journal reported that NBCUniversal was in preliminary talks with BuzzFeed. The company is also talking to other media properties including Vice Media and Business Insider, to take equity in these companies or acquire them.


'Help Give every Student and Teacher FREE resources for a world-class Moral Catholic Education'

Copyright 2019 - Distributed by THE CALIFORNIA NETWORK


More TV

Here's how Catholic Online is going to change your life, starting NOW! Watch

Image of Catholic Online has exciting news for everyone!

What has Catholic Online been doing lately? We've been busy building some special, in-demand projects for our viewers. God has blessed our ... continue reading

Sacrilege! Does Seth Rogen HATE Christians? Jesus depicted in pornographic scene on 'Preacher' Watch

Image of Why does Rogen HATE Christians?

Jewish producer Seth Rogen has staged a pornographic scene that features Jesus having sex with a woman. The scene took place on his ... continue reading

Hollywood is dying, here's what's coming next, and how you can take advantage of it Watch

Image of Goodbye Hollywood, hello to a better world of media and entertainment!

The world is ready for a revolution in television and entertainment. The latest numbers from Hollywood reveal that the film and show ... continue reading

The ONE thing you didn't know about America's Got Talent's deaf singer will make you LOVE her more! Watch

Image of Deaf singer-songwriter, Mandy Harvey completely stunned America's Got Talent judges.

Lives were changed when deaf singer-songwriter Mandy Harvey took the America's Got Talent stage. Her "show-stopping, standing-ovation" ... continue reading

'Miracle Workers': Owen Wilson and Daniel Radcliffe star as God and an Angel in new TV series Watch

Image of Daniel Radcliffe and Owen Wilson will appear alongside each other in 2018.

'Miracle Workers," a new television series on TBS, is set to air in 2018. LOS ANGELES, CA (Catholic Online) - Popular actors, Owen Wilson ... continue reading

Never Miss any Updates!

Stay up to date with the latest news, information, and special offers.

Catholic Online Logo

Copyright 2019 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2019 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.

Catholic Online is a Project of Your Catholic Voice Foundation, a Not-for-Profit Corporation. Your Catholic Voice Foundation has been granted a recognition of tax exemption under Section 501(c)(3) of the Internal Revenue Code. Federal Tax Identification Number: 81-0596847. Your gift is tax-deductible as allowed by law.