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Tuesday, January 13, 2009

Nope, Sony’s Not “Recession-Proof”: Set for $1 Billion Loss?

No wonder Howard Stringer couldn’t promise he was “recession-proof” when the Sony CEO spoke at the Consumer Electronics Show last week: Sony is set to record a $1.1 billion loss, according to the Japanese newspaper Nikkei. That’s something the company hasn’t seen since Hollywood producers Jon Peters and Peter Gruber managed to incinerate the company’s P&L in the mid-90s.

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About Peter

Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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