Peter Kafka

Recent Posts by Peter Kafka

Warner Music Rewards New Owner With Decent Quarter

This is a nice way to greet the new boss: Warner Music, set to be acquired by investor Len Blavatnik, reports a nice Q2, particularly by music industry standards: Revenue was up 2 percent, while digital sales were up 9 percent. But operating income was down 6 percent, in part because of severance charges, and the company lost 25 cents per share.


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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