The pandemic has been a nightmare for thousands of journalists out of work —and for additional thousands trying to navigate jobs amid fear and uncertainty.

Why it matters: Recent departures, deals, layoffs and restructurings amid the pandemic have journalists questioning whether there's stability anywhere within the industry.

Ezra Klein, co-founder and editor-at-large of Vox.com, the political news website owned by Vox Media, and Lauren Williams, editor-in-chief and senior vice president of Vox.com, are leaving the company, executives tell Axios.

Why it matters: They are the latest examples of high-profile media executives to leave management roles in pursuit of more hands-on, creative careers.

BuzzFeed has agreed to buy progressive news website HuffPost from Verizon Media in an all-stock deal, the companies announced Thursday.

Why it matters: HuffPost was once one of the most-trafficked news websites on the internet, but an over-reliance on social media distribution and a lack of strategic vision stripped the site of relevance in recent years.

Facebook says it removed more than 265,000 pieces of content from Facebook and Instagram in the U.S. for violating its content policies on voter interference leading up to the election.

Why it matters: The company was much more proactive this election cycle than last in taking down and labeling content attempting to disrupt the election.

Facebook said it took action on 22.1 million pieces of hate speech content to its platform globally last quarter and about 6.5 million pieces of hate speech content on Instagram. On both platforms, it says about 95% of that hate speech was proactively identified and stopped by artificial intelligence.

Details: In total, the company says that there are 10–11 views of hate speech for every 10,000 views of content uploaded to the site globally — or .1%. It calls this metric — how much problematic content it doesn't catch compared to how much is reported and removed — "prevalence."

Fuse Media, an English-language media company that serves mostly Latino and multicultural audiences, has sold a majority stake to a Latino-led management group, led by Fuse Media CEO Miguel “Mike” Roggero, alongside several other Fuse executives.

Why it matters: The move speaks to a growing trend of having Latinos control more of the decisions made at American media companies that target that demographic. Univision added four new independent directors to its board last week, all of whom are Hispanic.

The cash value of President-elect Biden's normality will be tested next year with a bookstore battle among Washington journalists who are competing to capture 46's backstory, inside skinny and cast of characters.

What's new: Axios has learned that Ben Schreckinger, a long-form writer who works the "Biden Inc." beat at Politico, has signed a deal with prestige publisher Twelve to write a Biden family book aimed for the second half of 2021.

Nearly three quarters of adults say they are spending more on entertainment each month, according to a new survey conducted by Wakefield Research on behalf of Dolby.

Why it matters: American consumers are spending more on entertainment content as they try to binge-watch their way through the pandemic, which coincided with a flood of new streaming service options, including HBO Max, Peacock and Disney+. While consolidation is still expected, for now a rising tide is helping keep most boats afloat. (The S.S. Quibi has already sunk.)

Listory, a newsletter curation app created within the content recommendation company Outbrain, is launching this week, executives tell Axios.

Why it matters: As the newsletter craze expands, it makes sense that entrepreneurs are looking for ways to help users streamline their inboxes.

Instagram is mulling plans to pay publishers on its platform as it grows as a news and information source for users, sources tell Axios. 

Why it matters: Publishers are frustrated that prior monetization talks have been tabled from the second half of this year to an unknown date.