
Illustration: Annelise Capossela/Axios
The shuttering of BuzzFeed News after years of painful layoffs and cutbacks represents the end of an era for the digital publishing industry.
Why it matters: Companies like BuzzFeed, Vox Media and Vice Media that rapidly expanded and raised lots of cash at high valuations in the aughts are struggling in a dramatically different media landscape.
- Launched ahead of the 2012 election, BuzzFeed News quickly became known for fast viral scoops and sweeping investigations, with a slate of well-sourced reporters all over the world.
- Though the news arm leant credibility to BuzzFeed — which had previously

