Peter Kafka

Recent Posts by Peter Kafka

Time Warner Beats Q4 Estimates

Media giant Time Warner turned in a Q4 report card that beat Wall Street’s expectations, generating adjusted earnings of $0.94 per share on revenue of $8.2 billion. Analysts had expected $0.87 per share and $8.1 billion. Revenue was up 5 percent on the 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