Digital media company BuzzFeed is cutting 12% of its workforce, citing worsening economic conditions.

Axios Media is being acquired by Cox Enterprises, which says it plans to push the online news provider into new markets while broadening its coverage.

U-M has been named one of the country's swankiest campuses by BuzzFeed.

Buzzfeed announced that it has laid off 45 reporters, editors and producers from the newly acquired HuffPost. The dismissals come three weeks after Buzzfeed acquired HuffPost from Verizon Media. (AP Photo/Ted Shaffrey, File)NEW YORK – Buzzfeed announced Tuesday that it has laid off 45 reporters, editors and producers from the newly acquired HuffPost. HuffPost Executive Editor Hillary Frey, the website’s executive editor, and Executive Editor Louise Roug also resigned over the layoffs, Buzzfeed said. The dismissals come just three weeks after Buzzfeed acquired HuffPost, the media outlet founded in 2005 as The Huffington Post, from Verizon Media.

Lil Nas X performs on stage during Internet Live By BuzzFeed at Webster Hall on July 25 in New York City. (Photo by Noam Galai/Getty Images for BuzzFeed)(CNN) - Lil Nas X said he was going to ride until he can't no more, and apparently now he can't no more. The rapper announced on Twitter that he's taking some time off -- canceling two shows in the process. The announcement comes after a historic run by Lil Nas X, whose song "Old Town Road" spent a record-breaking 19-week run atop Billboard's Hot 100 charts. The musician has become a household name in recent months because of the viral song and his popularizing of country rap.