New York (CNN Business)2020 was supposed to be a banner year for digital media. BuzzFeed, Group Nine, and Vice each indicated that this year they would be profitable, a long-elusive goal for an industry bedeviled by diminishing ad dollars. But no one could have predicted that a global health crisis would hit just as business was picking up. BuzzFeed CEO Jonah Peretti told staffers in a memo this week that the company had been knocked off track because of coronavirus.”Though we were well on track to be profitable this year, the impact of the coronavirus on the global economy will almost certainly cause the company to lose money, even as we take aggressive action to control costs,” Peretti wrote. BuzzFeed has instituted paycuts and scaled back on travel and hiring. According to the memo, which was obtained by CNN Business, Peretti will not take a salary for the rest of the year. “Personally, I’d rather lose money than lose colleagues,” Jane Lytvynenko, senior reporter at BuzzFeed News, tweeted. A record-shattering 3.3 million Americans filed for unemployment last week after residents in many parts of the country were ordered to stay home and practice social distancing. Events were canceled, bars were


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