Buzzfeed job cuts come as the news media hunt for new funding models

The truth is that all outlets – print, TV and digital – are having to find new ways to generate revenue

It is a sad day when journalists anywhere face the threat of redundancy.

The news that Buzzfeed is to cut 15 per cent of its global workforce will naturally be of most concern to those working at the company; but it also serves to highlight the ongoing economic challenges faced by many western media.

It remains to be seen where the burden of Buzzfeed’s cuts will fall – it is, of course, more than just a news outlet. Nevertheless, with the owner of Huffington Post and Yahoo, Verizon Media, also announcing plans to reduce its media staff by 7 per cent, it would be a surprise if Buzzfeed’s news division was not affected significantly.