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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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work