Digital publishers Buzzfeed and Vice Media are both set to double their revenue figures for the year , according to reports . Buzzfeed had been aiming for sales of $ 500 m in 2017 , but is now expected to fall short by as much as $ 70 m . The disappointing performance makes it unlikely that the company will go public in the near future . Meanwhile , Vice will miss its $ 800 million revenue , though it 's not predicted by how much . Other digital publishers are also struggling , with Mashable recently being sold for $ 50 m , a fifth of its valuation in 2016 .
Digital publishers Buzzfeed and Vice Media are both set to miss their revenue targets for the year, according to reports. Buzzfeed had been aiming for revenue of $350m in 2017, but is now expected to fall short by as much as $70m. The disappointing performance makes it unlikely that the company will go public in the near future. Meanwhile, Vice will miss its $800m target, though it's not known by how much. Other digital publishers are also struggling, with Mashable recently being sold for $50m, a fifth of its valuation in 2016.