Peter Kafka

Recent Posts by Peter Kafka

Digital Music Distributor The Orchard Goes Private (Again)

The Orchard, which distributes digital music and video to the likes of Apple’s and Amazon’s online stores, is going off the public market. The New York-based company is being bought out by its parent, private equity shop Dimensional Associates, and stops trading tomorrow. Shareholders will get $2.05 per share, and they’re apparently okay with that price, since that’s where ORCD has been trading for some time. This is a round trip for the company, which was originally wholly owned by Dimensional before a reverse merger deal that brought it public in 2007. Dimensional also owns e-music, the indie music MP3/subscription service. The Orchard may be familiar to some of you as the company whose copyright infringement lawsuit marked the end of iMeem.


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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