Peter Kafka

Recent Posts by Peter Kafka

News Corp. Beats Estimates, Doesn’t Miss MySpace

Most big media companies are posting upbeat Q3 earnings reports, and News Corp., which also owns this Web site, has done the same. Revenues were up 7 percent, to $7.96 billion, in line with Wall Street expectations of $7.67 billion.; the company posted adjusted earnings of $0.32 per share, beating the $0.29 consensus. Last summer’s (continuing) phonegate scandal showed up several times in the earnings report, including a $91 million charge related to the closure of the U.K.-based News of the World. On the other hand, not owning MySpace appears to have saved the company around $57 million in quarterly losses.


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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”