Peter Kafka

Recent Posts by Peter Kafka

Video: Eli Broad Explains Why He Wants to Save the Los Angeles Times

eli-broad-youtubeWhy exactly does Eli Broad want to save his hometown Los Angeles Times? He explains in this video clip, an excerpt from his appearance earlier this week at Manhattan’s 92nd Street Y.

As I noted before, Broad is a billionaire who can afford to bail out the paper if he really wants to. But it has become harder for him than it would have six months ago.

Forbes’s newest billionaire ranking pegs his net work at $5.2 billion, down $1.5 billion from last September.

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik