Peter Kafka

Recent Posts by Peter Kafka

AOL Says HuffPo Will Be a $50 Million Business This Year

Ahead of an investors’ conference call, AOL has laid out its financial expectations for its newest acquisition: It thinks the Huffington Post will earn $10 million on sales of “over $50 million” in 2011. It also says it will spend around $20 million on “restructuring charges” due to “cost overlap” stemming from the deal, i.e.: There are some cuts coming.


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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