Peter Kafka

Recent Posts by Peter Kafka

QOTD: Universal Music Gets Ready To Sing the Layoff Blues

“A lot of fat can be taken out without hurting muscle and bones.

Vivendi Universal CFO Philippe Capron, confirming long-rumored plans to start another cost-cutting round at the conglomerate’s Universal Music Group unit, the world’s largest music company. Layoff chatter started as soon as Vivendi put Lucian Grainge in charge of UMG earlier this year.

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There was a worry before I started this that I was going to burn every bridge I had. But I realize now that there are some bridges that are worth burning.

— Valleywag editor Sam Biddle