BuzzFeed Raises $19.3 Million In Series D Funding

BuzzFeed is a content website that writes all sorts of interesting articles.  It does not matter if the article is about “50 Puppies To Help You Get Through Work Today” or “The Best Mr. T GIF Ever.”  If the content has a chance of going viral, BuzzFeed will try to put it out there.  The company has just raised $19.3 million in funding.  BuzzFeed plans on hiring more employees and to expand their presence on mobile phones.  BuzzFeed has raised a total of around $47 million.

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Jimmy Maymann Named As CEO Of The Huffington Post

The Huffington Post has made Jimmy Maymann the new CEO of the company.  Maymann was previously the head of the website’s international expansion.  He will report to Arianna Huffington, the editor-in-chief and co-founder of the website.  The Huffington Post is owned by AOL.  “He brings a vibrant entrepreneurial spirit and an ability to scale a business, so he was the first person I turned to to be our C.E.O.,” stated Huffington.  Maymann will be responsible for the traffic and revenue of the website.

Viral Tracking Pop Culture Website BuzzFeed Raises $15.5 Million

BuzzFeed is one of my most favorite time-pass websites because they have interesting galleries and lists of pop culture. BuzzFeed has raised $15.5 million in Series C funding led by New Enterprise Associates. Other investors that participated include Lerer Ventures, Hearst Media, SoftBank, and RRE Capital. NEA General Partner Patrick Kerins will be joining the BuzzFeed board of directors. Ken Lerer, the Huffington Post co-founder and BuzzFeed board member, will become the BuzzFeed executive chairman.
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Former TechCrunch CEO Heather Harde Leaves AOL

AOL, Inc. (NYSE:AOL) is having a hard time retaining some of their talent. Within the last couple of days, AOL saw Brad Garlinghouse and Sarah Lacy leave the company. Now former TechCrunch CEO Heather Harde is leaving the company. Harde became an executive at AOL after technology blog TechCrunch was acquired. It is believed that Harde was pissed when a Huffington Post CEO sent out an e-mail bashing TechCrunch founder Michael Arrington.
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AOL Posts Revenue Of $532 Million For Q3

AOL, Inc. (NYSE:AOL) has posted revenues of $532 million with an earnings loss of $0.02 per share. This is great news for the company because Wall Street was expecting the company to hit $524 million and a loss of $0.06 per share. The company was able to gain revenue from their gains in The Huffington Post and the TechCrunch acquisitions.
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The Huffington Post Acquires Localocracy

The Huffington Post Media Group has acquired online grassroots company Localocracy. The price of Localocracy was under $1 million according to sources with AllThingsD. The Huffington Post, which hit one billion page views in August, also announced that they were hiring New York Times senior columnist Lisa Belkin.
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The Huffington Post Hits 100 Million Comments

The Huffington Post has hit 100 million comments added to their website. The milestone was hit this past weekend. The Huffington Post averages about 175,000 new comments per day with over 4.45 million comments from last month itself.
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