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WMG Narrows Q3 Losses
August 3, 2006 at 1:14 PM (PT)
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WARNER MUSIC GROUP (WMG) has reported a Q3 net loss of $14 million -- or 10 cents per share -- compared with a loss of $179 million -- or $1.41 per share -- a year earlier. Revenue rose 11% to $822 million from $742 million a year earlier. By narrowing their losses in the quarter, WMG beat the analysts, who had expected a loss of 22 cents per share for the music corporation.

