Peter Kafka

Recent Posts by Peter Kafka

Citigroup Wins, Guy Hands Loses and EMI Moves Closer to Warner

As of today four big music labels dominate the industry, but a court ruling just increased the chances that the number will shrink to three. A New York jury has ruled against Guy Hands, whose Terra Firma private equity shop owns EMI Music Group, in a suit he brought against Citigroup. Details here, but the only one you care about is that this makes it that much more likely that Citi will end up owning EMI, then selling it, most likely to rival Warner Music Group.


Latest Video

View all videos »

Search »

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