Peter Kafka

Recent Posts by Peter Kafka

BusinessWeek Gives McGraw-Hill a (Small) Going Away Present

Can’t really say that BusinessWeek’s 80-year run at McGraw-Hill ended on an up note, since the publisher sold the magazine for a fire-sale price.

But at least that price was a little bit more than McGraw-Hill (MHP) expected: Bloomberg ended up paying $10.5 million for the weekly instead of the $9.3 million it had previously told investors to expect, the publisher reported today.

After taxes, that nets out to a gain of $6.7 million (versus previous expectations of $5.9 million), and a grand total of two cents added to the company’s fourth-quarter earnings per share.


Latest Video

View all videos »

Search »

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