Media Websites Battle Faltering Ad Revenue and Traffic

The business of online news has never been forgiving. But in recent weeks, what had been a simmering worry among publishers has turned into borderline panic. This month, Mashable, a site that had just raised $15 million, laid off 30 people. Salon, a web publishing pioneer, announced a new round of budget cuts and layoffs. And BuzzFeed, which has been held up as a success story, was forced to bat back questions about its revenue — but not before founders at...
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