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“New York-based Warner Music Group Inc. lost $37 million, or 25 cents per share, compared with a smaller year-ago loss of $27 million, or 19 cents. Losses from continuing operations total 23 cents per share in the latest period.” The company is also suspending its dividend payments in order to have more cash on hand. Which can only mean one thing: It’s time to give Lyor and Edgar raises again! [AP]
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Wow, hopefully raqises are in order for their brilliant A&R team who signed Dangerous Muse, Idiot Pilot, Maxeen, Melee, Men, Women & Children, Rock Kills Kid, The Cribs, The Shys, The Subways, American Bang, Dark New Day and The Films…
What a joke.
I kinda liked Rock Kills Kid.