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Photo: USC Annenberg School for Communication and Journalism via BuzzFeed News

BuzzFeed founder and CEO Jonah Peretti announced Tuesday that Mark Schoofs will be the new editor-in-chief of BuzzFeed News, replacing Ben Smith, who left the company to join the New York Times as a media columnist.

Why it matters: Schoofs is a two-time Pulitzer Prize-winning journalist whose 30-year career has spanned a variety of newsrooms, including the Wall Street Journal, ProPublica and the Village Voice.

  • BuzzFeed hired Schoofs in 2013 to lead its then-new investigative reporting unit.
  • Under his leadership, BuzzFeed's investigative team broke major stories on abuse at America’s largest psychiatric hospital as well as uncovering how one of the U.K.’s largest banks profited by destroying small businesses and selling their assets.

Between the lines: Schoofs, who currently serves as a visiting professor at the USC Annenberg School for Communication and Journalism, will continue to serve on the faculty, and he'll build on that relationship as a part of his new role at BuzzFeed.

  • The school will offer one course taught by Schoofs on journalism beginning this fall and another taught by Peretti on internet culture, networks and digital media, according to a statement from BuzzFeed.
  • BuzzFeed News will also create an internship program for USC students.

The big picture: Schoof's hiring comes as BuzzFeed, like other digital media companies, has had to make changes to weather the coronavirus crisis.

  • BuzzFeed said last month it will be imposing a graduated salary reduction for its employees, with top executives taking a 14–25% cut. The plan will be applied to the "majority of the company" throughout April and May, and it will be reevaluated on a monthly basis. Peretti won't be taking compensation. A few employees from BuzzFeed's live Twitter show "AM2DM" were laid off.

What's next: Schoofs begins on May 18 and will be based in Los Angeles.

Go deeper: Ben Smith leaving BuzzFeed to take over NYT media column

Go deeper

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: The good and bad news about antibody therapies — Fauci: Hotspots have materialized across "the entire country."
  2. World: Belgium imposes lockdown, citing "health emergency" due to influx of cases.
  3. Economy: Conference Board predicts economy won’t fully recover until late 2021.
  4. Education: Surge threatens to shut classrooms down again.
  5. Technology: The pandemic isn't slowing tech.
  6. Travel: CDC replaces COVID-19 cruise ban with less restrictive "conditional sailing order."
  7. Sports: High school football's pandemic struggles.
  8. 🎧Podcast: The vaccine race turns toward nationalism.
Dan Primack, author of Pro Rata
Updated 4 hours ago - Economy & Business

Dunkin' Brands agrees to $11B Inspire Brands sale

Photo: Alexi Rosenfeld/Getty Images

Dunkin' Brands, operator of both Dunkin' Donuts and Baskin-Robbins, agreed on Friday to be taken private for nearly $11.3 billion, including debt, by Inspire Brands, a restaurant platform sponsored by private equity firm Roark Capital.

Why it matters: Buying Dunkin’ will more than double Inspire’s footprint, making it one of the biggest restaurant deals in the past 10 years. This could ultimately set up an IPO for Inspire, which already owns Arby's, Jimmy John's and Buffalo Wild Wings.

Ina Fried, author of Login
6 hours ago - Technology

Federal judge halts Trump administration limit on TikTok

Illustration: Aïda Amer/Axios

A federal judge on Friday issued an injunction preventing the Trump administration from imposing limits on the distribution of TikTok, Bloomberg reports. The injunction request came as part of a suit brought by creators who make a living on the video service.

Why it matters: The administration has been seeking to force a sale of, or block, the Chinese-owned service. It also moved to ban the service from operating in the U.S. as of Nov. 12, a move which was put on hold by Friday's injunction.