All Things Digital

Skip to main content.

MediaMemo

Friday, October 30, 2009

BusinessWeek’s Future Is Cloudy, but Better Than It Could Have Been: The Grim Non-Bloomberg Scenario

clint-escapesBusinessWeek employees are waiting to hear if they’ll have jobs once Bloomberg takes over the publication, and I’m told that staffers expect to hear their fate shortly after Thanksgiving. That has to be unnerving, but I can at least offer a little bit of comfort in the worst-case scenario employees would be facing had they been purchased by private equity firm ZelnickMedia. The short version: Almost everybody gets fired.

Read More »

Friday, October 16, 2009

NBC Cleans Up Its Earnings Act for Comcast

zuckerAfter a couple of miserable quarters, NBC Universal finally has some good news to announce: Boosted by a one-time gain, earnings actually increased in Q3, even though the entertainment conglomerate’s revenue kept dropping. Perhaps those numbers will cheer Comcast investors, who have been beating up the cable company ever since news of its talks to buy NBCU surfaced last month.

Read More »

Wednesday, September 16, 2009

Former Time Warner Boss Dick Parsons Gets Back in the Media Business

dick_parsons_fThere are very good odds that there are going to be some very big deals happening in the media world in the next year or so. So this move makes a lot of sense: Former Time Warner CEO Dick Parsons is joining up with Providence Equity Partners, the private equity firm with a hankering for media investments.

Read More »

Tuesday, September 1, 2009

Sold, Finally: eBay Ditches 65 Percent of Skype for $1.9 Billion

You can now formally call off eBay’s efforts to spin off Skype–not that many people took them seriously to begin with. The company has sold off 65 percent of its internet telephony business to a consortium of private investors for $1.9 billion. The deal puts Skype’s overall value at $2.75 billion, a bit more than the $2.6 billion eBay paid for the company in 2005.

Read More »

Friday, July 24, 2009

BusinessWeek Explains Why BusinessWeek Is for Sale: It’s a Money Pit

dark-knight-burningEarlier this year, a top BusinessWeek editor assured me that McGraw-Hill wouldn’t part with the publication–because even if it was losing money it was still a trophy asset for the publisher. But perhaps my source didn’t comprehend how much money his employer was actually losing.

Read More »

Wednesday, July 15, 2009

Forbes.com CEO Jim Spanfeller Out. Here’s the Internal Memo.

jim-spanfellerForbes.com CEO Jim Spanfeller, who has run one of the Web’s biggest finance sites for the last nine years, is leaving the company at the end of the summer. No replacement has been named. Spanfeller’s departure comes amid a flurry of bad news for finance publications.

Read More »

Tuesday, July 7, 2009

Web Radio Darling Pandora Slips the Noose, But at a Cost: Heavy Users Have to Pay. Next Up: A Big Funding Round?

clint-escapesWeb radio darling Pandora has good news for its users: We’re saved! And a slightly different message for its heaviest users: Pay up. And perhaps a third message for potential investors: Want to write us a check?

Read More »

New York Times to Boston Globe Bidders: Take Your Time!

boston-globeStressed about making tomorrow morning’s deadline to submit a bid for the Boston Globe? No worries! The New York Times, which is selling the paper it bought in 1993, is telling prospective buyers to take their time. Goldman Sachs, which is running the auction for the Times, had originally told bidders to submit their offer by July 8. But as of last night, that deadline has been pushed back, with no new deadline to replace it.

Read More »

Monday, March 2, 2009

EMI’s Owners Suffer a $1.6 Billion Case of Buyer’s Remorse

victrolaA lot of people couldn’t understand why Guy Hands, the private equity guy who bought EMI in the summer of 2007, was willing to pay so much for the music company. Now he says he agrees with them–his Terra Firma buyout firm has written off half the $3.2 billion he paid for the company. He may have to write off more before he’s done.

Read More »

Monday, October 27, 2008

How Not to Run a Big Music Company: A Tutorial Brought to You by a Big Music Company

How could the company behind the Beatles and other music legends lose $1.2 billion in 12 months?

We’ll be happy to tell you, says the people who own that company in a 101-page report.

(It’s the financial stylings of EMI Music’s owners: The United Kingdom’s Terra Firma private equity group, which bought the company for some $5 billion in the summer of 2007.)

Read More »

Latest MediaMemo Videos

More Videos »

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.

Read more »