BuzzFeed chief to host Obama for Dem fundraiser

BuzzFeed’s chairman plans to host President Obama for a Democratic National Committee (DNC) fundraiser, according to a new report.

Obama will join Kenneth Lerer Wednesday evening for the event in New York City, according to CNN Money.

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CNN Money on Tuesday reported the DNC expects about 60 donors at Lerer’s home in Manhattan with wife Katherine Sailer. Tickets vary in cost, with the highest priced at $33,400.

BuzzFeed on Monday announced it is cancelling a $1.3 million ad deal with the Republican National Committee (RNC) over Donald TrumpDonald John TrumpHR McMaster says president's policy to withdraw troops from Afghanistan is 'unwise' Cast of 'Parks and Rec' reunite for virtual town hall to address Wisconsin voters Biden says Trump should step down over coronavirus response MORE.

BuzzFeed founder and CEO Jonah Peretti said the company’s decision stems from Trump’s “tone and substance” as the GOP’s de facto presidential nominee.

“We certainly don’t like turn away revenue that funds all the important work we do across the company,” he wrote in a letter to BuzzFeed’s staff.

“However, in some cases we must make business exceptions: we don’t run cigarette ads because they are hazardous to our health, and we won’t accept Trump ads for exactly the same reason.”

Lerer on Tuesday said his hosting a DNC fundraiser is unrelated with BuzzFeed’s decision concerning the RNC the day before.

“My political activities are personal and have nothing to do with any of my business responsibilities at BuzzFeed,” he said in an email.

RNC spokesman Sean Spicer on Tuesday said his organization had previously reserved ad space on BuzzFeed’s site but did not intend to use it.

“I wish you could see my shocked face,” he said upon learning of Lerer’s fundraiser for the DNC. "The only thing missing is a listicle of all the ways they support Hillary ClintonHillary Diane Rodham ClintonHillicon Valley: FBI chief says Russia is trying to interfere in election to undermine Biden | Treasury Dept. sanctions Iranian government-backed hackers The Hill's Campaign Report: Arizona shifts towards Biden | Biden prepares for drive-in town hall | New Biden ad targets Latino voters FBI chief says Russia is trying to interfere in election to undermine Biden MORE and the Democrats.”

Peretti on Monday said BuzzFeed’s advertising decision would not have an impact on the site’s coverage of Trump and the presidential election overall.

“This decision to cancel this ad buy will have no influence on our continuing coverage of the campaign,” he told BuzzFeed employees.