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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The best and brightest are usually put to work on optimisation. … They will then go forward and solve the inefficiencies, and that’s where 99% of most energy is spent on. But, at some point you run out of room to improve things, and that’s when you have to step aside and ask, can we make it different?

— Horace Dediu, in a podcast interview with William Channer