BuzzFeed is buying HuffPost from Verizon as part of a bigger deal that has the wireless giant investing in the digital-media company.
BuzzFeed and Verizon did not disclose terms of the deal. Verizon will be a minority shareholder in BuzzFeed and the two companies will partner on content and ads.
A downturn in advertising due to the pandemic has hurt both traditional and digital-only media organizations, resulting in layoffs and furloughs. Digital newsrooms had been consolidating even before the pandemic, including Vox’s purchase of New York Magazine and its digital arms. Facebook and Google get the majority of digital-ad dollars.
Verizon came to own HuffPost, co-founded by Arianna Huffington, through its acquisition of AOL in 2015. The country’s biggest wireless provider also bought Yahoo in 2017 in an attempt to build a digital media business that could challenge Facebook. That Verizon Media business, which also includes tech blogs TechCrunch and Engadget as well as Yahoo, has struggled.
BuzzFeed is known for its quizzes and lists but also invested in its news division. Its founder and CEO, Jonah Peretti, also co-founded HuffPost, then known as The Huffington Post, in 2005. AOL bought it for $315 million in 2011.
“I have vivid memories of growing HuffPost into a major news outlet in its early years, but BuzzFeed is making this acquisition because we believe in the future of HuffPost and the potential it has to continue to define the media landscape for years to come,” Peretti said in a statement. “With the addition of HuffPost, our media network will have more users, spending significantly more time with our content than any of our peers.”
Peretti said in a memo to BuzzFeed employees that he expects the deal to close at the beginning of 2021.
Asked whether there will be layoffs because of the deal, Peretti said in an interview with The Associated Press that the deal “won’t impact the BuzzFeed team at all.” He said that BuzzFeed is profitable this year thanks to “discipline around costs” and new revenue initiatives at the company.
Peretti said he plans to have conversations with HuffPost to understand the business before making further decisions.
BuzzFeed’s news division and HuffPost have different journalism brands and they will continue to have separate missions. Peretti said he wants “BuzzFeed News to be more BuzzFeedy and HuffPost to be more HuffPosty.”
As part of the deal, Verizon will keep putting HuffPost stories on its Yahoo sites. BuzzFeed will be able to syndicate its content on Verizon properties as well.
Guru Gowrappan, the head of Verizon’s media business, said the company is “fully committed to the growth of the media business” and has “no plans to sell” any other properties.
By TALI ARBEL AP Technology Writer
AstraZeneca manufacturing error clouds vaccine study results
A statement describing the error came days after the company and the university described the shots as “highly effective” and made no mention of why some study participants didn’t receive as much vaccine in the first of two shots as expected.
In a surprise, the group of volunteers that got a lower dose seemed to be much better protected than the volunteers who got two full doses. In the low-dose group, AstraZeneca said, the vaccine appeared to be 90% effective. In the group that got two full doses, the vaccine appeared to be 62% effective. Combined, the drugmakers said the vaccine appeared to be 70% effective. But the way in which the results were arrived at and reported by the companies has led to pointed questions from experts.
The partial results announced Monday are from large ongoing studies in the U.K. and Brazil designed to determine the optimal dose of vaccine, as well as examine safety and effectiveness. Multiple combinations and doses were tried in the volunteers. They were compared to others who were given a meningitis vaccine or a saline shot.
Did Researchers Mean to Give a Half Dose?
Before they begin their research, scientists spell out all the steps they are taking, and how they will analyze the results. Any deviation from that protocol can put the results in question.
In a statement Wednesday, Oxford University said some of the vials used in the trial didn’t have the right concentration of vaccine so some volunteers got a half dose. The university said that it discussed the problem with regulators, and agreed to complete the late stage trial with two groups. The manufacturing problem has been corrected, according to the statement.
What About the Results Themselves?
Experts say the relatively small number of people in the low dose group makes it difficult to know if the effectiveness seen in the group is real or a statistical quirk. Some 2,741 people received a half dose of the vaccine followed by a full dose, AstraZeneca said. A total of 8,895 people received two full doses.
Another factor: none of the people in the low-dose group were over 55 years old. Younger people tend to mount a stronger immune response than older people, so it could be that the youth of the participants in the low-dose group is why it looked more effective, not the size of the dose.
Another point of confusion comes from a decision to pool results from two groups of participants who received different dosing levels to reach an average 70% effectiveness, said David Salisbury, and associate fellow of the global health program at the Chatham House think tank.
“You’ve taken two studies for which different doses were used and come up with a composite that doesn’t represent either of the doses,” he said of the figure. “I think many people are having trouble with that.”
Why Would a Smaller First Dose Be More Effective?
Oxford researchers say they aren’t certain and they are working to uncover the reason.
Sarah Gilbert, one of the Oxford scientists leading the research, said the answer is probably related to providing exactly the right amount of vaccine to trigger the best immune response.
“It’s the Goldilocks amount that you want, I think, not too little and not too much. Too much could give you a poor quality response as well,” she said. “So you want just the right amount and it’s a bit hit and miss when you’re trying to go quickly to get that perfect first time.”
What Are the Next Steps?
Details of the trial results will be published in medical journals and provided to U.K. regulators so they can decide whether to authorize distribution of the vaccine. Those reports will include a detailed breakdown that includes demographic and other information about who got sick in each group, and give a more complete picture of how effective the vaccine is.
Moncef Slaoui, who leads the U.S. coronavirus vaccine program Operation Warp Speed, said Tuesday in a call with reporters that U.S. officials are trying to determine what immune response the vaccine produced, and may decide to modify the AstraZeneca study in the U.S. to include a half dose.
“But we want it to be based on data and science,” he said.
EU plans new rules giving Europeans more control of data
The European Union is laying out new standards for data giving Europeans more control over their personal information as it seeks to counter the power of U.S. and Chinese tech companies.
The EU’s executive Commission on Wednesday proposed new rules on the handling of data that would aim to give people, businesses and government bodies the confidence to share their information in a European data market.
The proposed legislation would would spell out how industrial and government data – normally off limits because of intellectual property rights, commercial confidentiality or privacy rights – could be shared to help society or boost the economy. The bloc’s strict privacy rules would still apply, with mechanisms in place to preserve confidentiality or anonymity.
The aim is to drive innovation in areas such as health care or climate change by allowing data to be more easily shared with companies or researchers.
Individuals could choose to donate their data for altruistic reasons – for example, a person with a rare disease providing their health information to medical researchers. Or people could allow access for a fee or use of a service. The new rules could pose a challenge to big tech companies like Google and Facebook that currently make billions in revenue by using data to sell ads and other services.
The proposal, known as the Digital Governance Act, calls for raising trust in data sharing by setting up a new system involving neutral and trustworthy middlemen who act as brokers of pools of data.
Europeans would be able to get more control of their data through “personal data spaces” that have tools and services that let them decide who can access their data and for what purpose.
“The framework offers an alternative model to the current data handling practices offered by big tech platforms,” the EU’s Executive Vice President Margrethe Vestager said at a press briefing in Brussels.
Thierry Breton, the EU’s internal market commissioner, said the regulations would help Europe become the world’s No. 1 “data continent.”
“With the ever-growing role of industrial data in our economy, Europe needs an open yet sovereign Single Market for data,” he said.
LONDON (AP) — By KELVIN CHAN Associated Press.
UK telecom companies face big fines under new security law
Telecom companies in Britain face hefty fines if they don’t comply with strict new security rules under a new law proposed in Parliament on Tuesday that is aimed at blocking high-risk equipment suppliers like China’s Huawei.
The Telecommunications (Security) Bill tightens security requirements for new high speed 5G wireless and fiber optic networks, with the threat of fines of up to either 10% of sales or 100,000 pounds ($134,000) a day for companies that don’t follow the rules.
The draft law paves the way for the U.K. government to formalize Prime Minister Boris Johnson’s decision in July prohibiting Huawei from building Britain’s 5G mobile phone networks because of security concerns.
The British government said it was bringing in the ban – reversing an earlier plan to give Huawei a limited role – because U.S. sanctions made it impossible to ensure the security of its networking gear. Wireless carriers were also ordered to rip out any existing Huawei 5G equipment from their networks by 2027. The Chinese company is one of the flashpoints in a broader global battle between Washington and Beijing over trade and technology.
The new rules are a major step to protecting the U.K. from hostile cyber activity by state actors or criminals, the government said, citing previous cyberattacks attributed to Russia, China, North Korea and Iran.
“This groundbreaking bill will give the U.K. one of the toughest telecoms security regimes in the world and allow us to take the action necessary to protect our networks,” Digital Secretary Oliver Dowden said.
The bill, which needs to be approved by Parliament, spells out tougher security standards for the electronic equipment and software at mobile phone mast sites and in telephone exchanges that handle internet traffic and telephone calls.
Huawei said it was disappointed that the U.K. government was looking to exclude it from the 5G rollout.
“This decision is politically-motivated and not based on a fair evaluation of the risks,” said Vice President Victor Zhang. “It does not serve anyone’s best interests as it would move Britain into the digital slow lane and put at risk the government’s levelling up agenda.”
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