Buzzfeed chairman hosting Obama at Democratic fundraising event

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On the same week that BuzzFeed’s CEO terminated an advertising handle the Republican politician National Committee, BuzzFeed’s chairman is hosting a fundraising event for the Democratic National Committee. BuzzFeed says the 2 actions are completely unrelated, and there is no proof to the contrary. However the disclosure about the DNC fundraiser is bound to raise eyebrows amongst Republican politicians. President Obama will be headlining the DNC fundraising event on Wednesday. It will be held at the Manhattan house of Kenneth Lerer and his wife, Katherine Sailer. According to the DNC, about 60 donors will be in participation. Tickets vary in cost, and the most costly ticket is $33,400. Related: Can BuzzFeed News make it through the shift to video? Lerer’s political leanings are no secret: The digital media leader has actually been a prominent Democratic donor for years. Along with being the chairman of BuzzFeed, he is a managing partner of the venture capital firm Lerer Hippeau Fund, which has investments in hundreds of companies. “My political activities are individual and have nothing to do with any of my business responsibilities at Buzzfeed,” Lerer said in an e-mail to CNNMoney on Tuesday. The decision to terminate BuzzFeed’s marketing agreement with the RNC was announced in an internal memo by the business’s CEO, Jonah Peretti, on Monday morning. Peretti stated it was a necessary choice making, comparing Trump for President ads to cigarette ads. On Tuesday, when asked whether there was a connection between that choice and Lerer’s DNC charity event, a BuzzFeed spokeswoman said: “Business decision to cancel Trump for President ads was made by Jonah Peretti, our CEO. He is not participating in any fundraising events for political organizations or prospects.” BuzzFeed added, “It’s really tough to draw in a diverse, gifted labor force in the understanding economy while running advertisements promoting for a Trump Presidency.” Sean Spicer, a spokesperson for the RNC, formerly stated that the Republican Party had actually reserved the ad area on BuzzFeed’s site but did not mean to use it. When asked about Lerer’s involvement with a DNC fundraising event, Spicer said Tuesday afternoon, “I want you might see my stunned face. The only thing missing is a listicle of all the ways they support Hillary Clinton and the Democrats.” BuzzFeed highly disagrees. It states the website’s news protection is not affected by Peretti’s marketing decision or political contributions by its board members.

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