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’s a lot of attention and PR around Marissa, but their product lineup just kind of blows.

— Om Malik on Bloomberg TV, talking about Yahoo, the September issue of Vogue Magazine, and our overdependence on Google