Peter Kafka

Recent Posts by Peter Kafka

News of the World, Australian Papers, IGN Weigh On News Corp. Earnings

News Corp., which owns this Web site, posted revenue of $8.14 billion and adjusted earnings of $0.43 per share; the Street was looking for $8.16 billion and $0.38 per share. The media conglomerate took a $67 million charge on costs associated with its News of the World scandal, and another $152 million charge for “restructuring and impairment charges” related to its Australian newspaper unit and the IGN games unit it is preparing to sell.


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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