Former BuzzFeed operating chief Jon Steinberg is working on a video news startup. And he’s made his first hire: Peter Gorenstein, a former executive at Yahoo’s in-house production company
Industry sources say Steinberg, who helped BuzzFeed grow from a couple dozen people into one of the Web’s most important publishers, has been telling people he wants to create a new video company focused on business and finance news for millennials.
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Steinberg told Re/code he hadn’t settled on a focus yet, or raised any money. But he said he sees a clear opportunity for a live news channel developed with the younger generation in mind — something traditional video news sites haven’t succeeded at.
Read the full story at Re/Code, by Ina Fried
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