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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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus