Exclusive: Jonah Peretti explains why he sold BuzzFeed

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Just days before we spoke, BuzzFeed co-founder and CEO Jonah Peretti agreed to sell the company, which was losing money and at risk of shutting down. Now there’s a new lease on life — and new leadership. Jonah is taking on a new role as president of BuzzFeed AI, and Byron Allen will become CEO of BuzzFeed. That’s obviously a huge structural and organizational change, and a really big decision — prime Decoder bait if there ever was any. What are digital media companies doing to adapt and survive in an information landscape dominated by algorithmic social platforms? Read the full interview transcript on The Verge. Links: Byron Allen is buying BuzzFeed and becoming CEO | Variety BuzzFeed…