Blog: No Rock And Roll Fun

Hypebot has got the details on Warners losses for the quarter , and the position isn't pretty: Total revenue decreased 9.3% and operating income from continuing operations declined 51%. Total losses from continuing operations swelled to $37 million from $9 in the prior year quarter. Twelve million dollars a month? It's hard to see how Warners could even manage to be spending that, much less losing it. But don't worry, Warners have a cunning plan: WMG improved its financial position during the quarter with a $1.1 billion offering of [...]