Peter Kafka

Recent Posts by Peter Kafka

Buy a Newspaper Stock? Yup, Says Barclays: The New York Times.

A rare vote of confidence in newspapers: Barclays analyst Kannan Venkateshwar has issued the equivalent of a “buy” recommendation for the New York Times. Venkateshwar, who has already put out a couple of positive notes on the Times this year, says he’s giving the publisher an “overweight” rating because its circulation numbers continue to improve, and because he thinks it is set to distribute some of its growing cash pile to shareholders.


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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