BuzzFeed CEO: Shifts in Media Industry Happen Very Slowly

Digiday: BuzzFeed CEO Jonah Peretti: “Shifts happen in the media industry very slowly. Twelve years ago, The New York Times was at its peak in terms of its market cap. But it became clear that digital was coming. And 12 years later, they still make most of their revenue from print, and some more from digital. But it just takes a long time. I think with TV you will see the same thing.”