RUMOR MILL
Tuesday, July 18, 2000
TW 2Q: YOU'VE GOT PROFITS!!
AOL Keyword: Yeeehaaaaa!
On the eve of its merger with America Online, Time Warner posted a 12% increase in second-quarter pre-tax operating earnings before interest, taxes, depreciation and amortization (EBITDA) of $1.38 billion, or 11 cents a share.
Revenues jumped 6.4% to $7.08 billion from $6.53 billion.
After posting a 10% decline in the first quarter compared to a year ago, Warner Music Group posted an 11% increase in its EBITDA for the second quarter.
WMG earnings for the second quarter were $109 million, compared to $98 million a year earlier. Six-month earnings were $189 million, compared to $187 million for the first six months of 1999.
TW chief gerald levin',390,400);">gerald levin',390,400);">Gerald Levin praised the music group, singling out its chief Michael Fuchs. "Naturally, Mo, Lenny and the gang also did a bang-up job," said Levin. "And Joe Smith is really doing well at Elektra."
HIPGNOSIS BOARD APPROVES UPPED BLACKSTONE BID
But it ain't over till it's over. (4/29a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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JAMES KING: THE HITS INTERVIEW (PART ONE)rumor mail
