By Jessica Roy 1/03 8:33am

Funding Fun

BuzzFeed raises $20M to build Snackadium.

One Funding Announcement That Probably Won’t Restore Your Faith in Humanity: BuzzFeed Raises $20M

BuzzFeed, the Internet’s biggest time suck, announced in a press release today that it has raised $20 million in a series D round led by NEA Ventures, bringing its total raised to $46.3. In addition to churning out more image-heavy listicles and starting spats with fellow popular Internet properties like Gawker and The Oatmeal, BuzzFeed intends to use the money to “build the next great media company.” Read More

By Adrianne Jeffries 1/31/12 12:53pm

Be Like the Virus

(gawker.com)

BuzzFeed Strikes Again! Poaches From Gizmodo for New Tech Site

BuzzFeed announced its next fully staffed beta will be (as we suspected) tech coverage. The startup has poached again to fill out the new masthead, nabbing Matt Buchanan from Gizmodo and John Herrman from Popular Mechanics. The two bloggers are BuzzFeed’s lastest in a string of hires from other publications that included Rosie Gray of the Village Voice and Doree Shafrir of RollingStone.com.

Mr. Smith “had admired the work Matt did at Gizmodo and had him and John recommended to me by a long list of people I really trust,” he told Betabeat in an email. Read More

By Adrianne Jeffries 1/04/12 6:08pm

Disruptions

buzzfeed politics

BuzzFeed Scooped CNN Last Night

BuzzFeed had arguably one of its first big scoops last night since it hired Politico rockstar Ben Smith earlier this month, beating the major media outlets. “McCain To Endorse Romney Tomorrow,” is the headline on the un-bylined post, slipped to the blog by a “well-placed former McCain aide” early this morning. It must have tasted sweet to read the words, “News of the endorsement was first reported by BuzzFeed Politics,” on CNN’s version of the story, now the top result in Google News. Read More