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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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald