Home  |  About Us  |  Contact Us  |  Donate  |  Email Alerts  |  Accomplishments



HuffPost parent company BuzzFeed spiraling down, loses CFO, President, tries to sell major assets, sued over alleged trade secret theft and loses millions. Merrell Shoes is a frequent advertiser.


Click here to send your email to encourage Merrell Shoes owner Wolverine World Wide Inc to stop supporting HuffPost propaganda with its customers’ money.

NDTV WORLD published an article on December 30, 2023 titled Days After CFO's Exit, BuzzFeed President Marcela Martin Announces To Resign - The company is unlikely to look for a replacement as the president's responsibilities will be absorbed by the CEO and other executives.   The article reports in part:

BuzzFeed's  Marcela  Martin  has    announced   her intention to resign as president effective January 12 to pursue other opportunities, the digital media firm said on Friday.

The company is unlikely to look for a replacement as the president's responsibilities will be absorbed by the CEO and other executives.

Martin's departure, which comes closely after the exit of CFO Felicia DellaFortuna in November, was not due to any disagreement with the company, BuzzFeed said in a regulatory filing.


Bloomberg published a report on December 29, 2023 titled BuzzFeed Close to Selling Complex for Above $100m: Information.  The article reports in part:  

BuzzFeed is close to an agreement to sell most of its Complex Networks business to the e-commerce startup Ntwrk    for  slightly  more  than  $100 million,    The Information reports, citing unidentified people familiar with the matter.

The sale price will be below the CEO’s target of close to $150 million.   BuzzFeed may look to other assets to raise cash to pay off notes and accrued interest by next December.   Going forward, company is focused on growing its portfolio of media sites including HuffPost and First We Feast as standalone businesses operating under the BuzzFeed umbrella.


Reuters published a report on December 21, 2023 titled Buzzfeed, Semafor sued by Ozy Media over alleged trade secret theft.  The article reports in part:

Ozy Media has sued digital media company Buzzfeed, startup news outlet Semafor and its founder Ben Smith for allegedly stealing trade secrets from the now-shuttered U.S. media and entertainment company, court records filed on Thursday showed.

BuzzFeed  Inc Financial Report for Quarter  Ended  September  30,  2023 (year over year)
 
Revenue                      $73.30M
Net Income (Loss)       -13.72M

BuzzFeed Stock Price

January 01, 2022      $10.00
July 21, 2023                  .63 
October 4, 2023             .32
December 31, 2023       .25

Verizon sold HuffPost to BuzzFeed to stop the $20M plus annual losses to its company in 2021.  Verizon actually had to give BuzzFeed millions in cash to take it off its books.  BuzzFeed gave Verizon some of its now worthless stock as part of purchase.

Florida Family Association started encouraging companies in April 2016 to stop advertising at HuffPost     because it promotes transgender reassignment, critical race theory, vitriol towards millions of Americans and the Islamist political agenda.  As liberal and leftist as the Washington Post is its articles pale in comparison to the hate and vitriol that takes up a large portion of the Huffpost.com news site.    HuffPost.com has published hundreds of articles that spew vitriol in its obvious objective to tarnish the public image of military service members, law enforcement officers, conservative Christians and Jews, and white people.  Huffpost.com has defended Sharia law, defended the Muslim Brotherhood, fundraised for the Council on American Islamic Relations, blamed Christians for worldwide conflict with Muslims, promoted an anti-Semitic blog, encouraged Islamist demagoguery, and promoted other Islamist propaganda.

2,388 out of 2,425 companies have stopped advertising at HuffPost since April 2016.  

It is crucial to keep the pressure on the companies that continue to advertise at HuffPost.

Merrell Shoes is a new top advertiser at HuffPost.  Merrell Shoes is owned by Wolverine World Wide Inc.

Florida Family Association has prepared an email for you to send to encourage Wolverine World Wide Inc officials to stop supporting HuffPost propaganda with its customers’ money.

To send your email, please click the following link, enter your name and email address then click the "Send Your Message" button. You may also edit the subject or message text if you wish.

Click here to send your email to encourage Merrell Shoes owner Wolverine World Wide Inc to stop supporting HuffPost propaganda with its customers’ money.

Contact info.

Chris Hufnagel
Chief Executive Officer
chris.hufnagel@wwwinc.com

Michael D. Stornant
Executive Vice President & Chief Financial Officer
mike.stornant@wwwinc.com

Janice Tennant
Chief Marketing Officer
janice.tennant@wwwinc.com

investor.relations@wwwinc.com


 


Author: ffa   20240210   Category: HuffPost  FFA: on
DONATE         CONTACT


Copyright 2010-2024