New Uk Online CasinosNon Gamstop Betting Sites UKGambling Sites Not On GamstopNew Online Casinos Not On GamstopNon Gamstop CasinoNon Gamstop Casinos


Internet Financial News
Newsletter SampleFREE IFN Newsletter



Universal Music Group Plans Major Cuts

By: Bruce Houghton
2010-11-19

As profits at The Universal Music Group stumbled in the first 9 months of 2010, senior executives promised new cost cutting measures...

... particularly in the U.S.There is very, very significant potential for savings," according to Phillipe Capron, Vivendi's Chief Financial Officer. A lot of fat can be taken out without hurting muscle and bones.

The worlds largest label group just reported earnings before interest tax and amortization of $334 million in the first nine months of 2010. That's down 9.3% from the same period last year and down 14.7% on a constant currency basis. Overall sales slipped 1.7%.

Comments


About the Author:
Bruce Houghton is a 25 year music industry veteran who owns booking agency Skyline Music and the tour marketing company Skyline Innovations.

http://www.hypebot.com


Titan Quest Forum Nintendo Wii Graphics Forum
Halo 3 Forum Mac Software

Latest News