Warner Music Losses Increase As Album Sales Decrease
May 8th, 2008 | By James Lewin | Category: Digital MusicThe Wall Street Journal reports that Warner Music Group losses increased in the fiscal second quarter as the company continues to struggle with a drop-off in sales of compact discs as consumers shift toward digital music.
The company remains “excited about the long-term prospects for our business”, according to Chairman and Chief Executive Edgar Bronfman Jr. [...]