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BuzzFeed Sells "Hot Ones" as It Pivots to AI-Generated Content
Buy-n-Shoot NewsEmbattled media company BuzzFeed is selling off First We Feast, the company behind the extremely popular interview show called "Hot Ones," for $82.5 million to save itself from a growing mountain of debt. The deal will bring down the media empire's debt load from almost $124 million by $88.8 million, the New York Times reports. Perhaps unsurprisingly, BuzzFeed is using the opportunity to play the "pivot to AI" card, arguing that doubling down on the tech will magically allow the company to pull itself out of a years-long struggle. "The sale of First We Feast and continued reduction of […]
