Jorge
February 8th, 2007, 03:30 PM
Warner Music Group posted dire numbers Thursday as profit plunged 74% to $18 million USD last quarter on fewer releases and soft CD sales.
<p>Music sales continued to take a beating this last fiscal quarter as Warner Music Group said that its fiscal fourth quarter profits plunged 74% to $18 million USD due to fewer album releases and poor CD sales.</p>
<p>It's overall revenue fell Revenue fell 11% to $928 million.</p>
<p>"This was a difficult quarter, in some part because the industry still faces a challenging environment, but almost entirely due to the comparisons to our very strong fir
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<p>Music sales continued to take a beating this last fiscal quarter as Warner Music Group said that its fiscal fourth quarter profits plunged 74% to $18 million USD due to fewer album releases and poor CD sales.</p>
<p>It's overall revenue fell Revenue fell 11% to $928 million.</p>
<p>"This was a difficult quarter, in some part because the industry still faces a challenging environment, but almost entirely due to the comparisons to our very strong fir
<p><a href="http://feeds.feedburner.com/~a/zeropaid?a=chtPrS"><img src="http://feeds.feedburner.com/~a/zeropaid?i=chtPrS" border="0"></img></a></p>
Read Full Article Here (http://feeds.feedburner.com/~r/zeropaid/~3/88266528/Is+Warner+Music+DOOMED%3F+Profits+plunge+74%25%21% 21)