Peter Kafka

Recent Posts by Peter Kafka

AT&T Walks Away From Its Yellow Pages

AT&T has sold off a majority stake in its Yellow Pages business unit for about $1 billion. Private equity firm Cerberus Capital Management will pay the telco $750 million cash and take on $200 million in debt in exchange for 53 percent of the directory business, which generated $3.3 billion in revenue last year.


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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