Saturday, May 09, 2009

Warner Music Group posts larger 2Q loss

"Warner Music Group Corp. said that its losses widened in its second fiscal quarter as the company booked some one-time charges and its revenue suffered from a light music release schedule. For the quarter that ended March 31, Warner Music lost 68 million, or 45 cents per share. A year ago, the company's losses totaled $37 million, or 25 cents per share."
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