Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between two leading media companies: BuzzFeed, Inc. (NASDAQ:BZFD) and Lee Enterprises, Inc. (NASDAQ:LEE). The Case For BuzzFeed: This New York City-based company was founded in 2006 by Jonah Peretti and John S. Johnson III with a focus of tracking viral content while happily polluting the internet with cat videos and silly memes. Over time, it branched into multiple media endeavors including video production, podcasts, and news. Acquisitions of brands such as HuffPost and Complex Networks helped grow the company. BuzzFeed’s news coverage was initially on the fluffy side, but it gradually took on a more serious nature and by 2021 it achieved a peak achievement in U.S. journalism by winning the Pulitzer Prize for its coverage of Chinese human rights abuses against the …
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