Exclusive: Jonah Peretti explains why he sold BuzzFeed

Today, I’m talking with Jonah Peretti, who is, technically, the CEO of BuzzFeed — although that will be coming to an end very soon. Just days before we spoke, Jonah agreed to sell 52 percent of BuzzFeed for a total of $120 million to Byron Allen, who owns The Weather Channel, a number of broadcast stations, and several other websites. The deal is a bit of a life raft for BuzzFeed — the company was once valued at $1.6 billion dollars, but just last quarter, the company had told investors it was a