Peter Kafka

Recent Posts by Peter Kafka

Dave Kansas Out at Dow Jones-IAC Finance Site FiLife

FiLife, the personal finance site co-owned by IAC (IACI) and Dow Jones, has a new boss. The company has brought in Ezra Kucharz, formerly an executive at online games company Oberon Media and at NBC’s iVillage, as president.

He replaces Dave Kansas, a business news veteran. Kansas will stay on as an editor-at-large and has a personal finance book due out in January.

FiLife, which is supposed to be geared toward young folks who spend more time browsing the Web than looking at their 401(k), has had a short but troubled existence. It finally launched in June, after more than a year of fits and starts. It was originally supposed to have lots of blog-like entries from professional writers, and eventually moved into a more service-oriented comparison shopping engine for financial products.

You could argue that economic turmoil could make a site like this particularly valuable for its target audience, but that doesn’t appear to be the case.

Compare the performance of the site with, a Gawker Media blog that’s now up for sale.

Full disclosure: Dow Jones is a unit of News Corp. (NWS), which also owns this Web site. If you’d like even more disclosure, see here.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work