Peter Kafka

Recent Posts by Peter Kafka

News Corp.’s PhoneGate Tab Keeps Rising

News Corp. says investigations into the PhoneGate scandal cost it $87 million in the last quarter. That’s on top of $17 million in legal/advisory fees in the previous quarter, plus a $91 million restructuring charge the company took when it shuttered the News of the World. The media conglomerate, which owns this Web site, reported adjusted earnings of $0.39 a share and revenue of $8.98 billion; Wall Street had been expecting $0.34 a share and $8.94 billion.


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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