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Business News Labels & Publishers
Warner revenues up, but so are losses
By CMU Editorial | Published on Wednesday 11 May 2011
Warner Music saw its revenues rise for the first time since 2009 in the first quarter of this year, buoyed by further digital growth, though overall losses were up. Net losses were $38 million, up from $25 million in the same period last year. Not that anyone cares anymore, everyone’s eyes are now on Access Industries’ takeover, which will give the currently debt-laden Warner Music a much more healthy balance sheet.