Morning Jolt: BuzzFeed gets $50M investment

Popular website BuzzFeed got a $50 million investment from a company that believes the site is the future of media. Venture capital firm Andreessen Horowitz wrote in a blog post, “Many of today’s great media companies were built on top of emerging technologies. Examples include Time Inc. which was built on color printing, CBS which was built on radio, and Viacom which was built on cable TV. … We believe BuzzFeed will emerge from this period as a preeminent media company.”

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