Carmel, Calif.—Media analyst Paul Kagan has launched PK Worldmedia, a research and consulting firm covering digital entertainment and communications technologies. Kagan is the founder of Paul Kagan Associates, which was sold to Primedia in 2000. Since then, Kagan has continued to invest in media and has worked as a communications consultant. PK Worldmedia will publish a weekly report, PK Report, covering news, trends and strategies for digital media companies. It will also offer consulting services for clients.