Net News search results for: businessweek.com
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August 16, 2012
Study Finds Downloads And Streaming Fees To Become The Music Industry's Largest Revenue Source This Year
Downloads and streaming music services such as PANDORA and SPOTIFY are set to pass CDs as the music industry's biggest U.S. revenue source, finds a study from STRATEGY ANALYTICS INC. The company posted data on it's website predicting U.S. digital music … more »
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August 3, 2012
Emmis Delays Shareholder Meeting While Court Mulls Order Blocking Vote
EMMIS COMMUNICATIONS CORP. is delaying its shareholder meeting scheduled for AUGUST 14th pending a judge's ruling on a motion by preferred shareholders to block the meeting. BLOOMBERG BUSINESSWEEK reports that the company informed the court after a … more »
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August 3, 2012
Judge Orders Disgraced Ex-NBA Ref To Stop Work With Sports Betting Radio Show
Disgraced former NBA referee TIM DONAGHY's tenure as co-host of a brokered sports betting radio show is over after a judge ordered him to stop. BLOOMBERG BUSINESSWEEK reports that U.S. District Judge CAROL BAGLEY AMON told DONAGHY, who is on … more »
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August 2, 2012
CBS Corp. Q2 Revenue Down, But Profits Up
CBS CORP. offered a mixed report card for its Q2 report. Revenue declined by 3% decline in revenue from Q2 2011 to $3.48 billion. However, its profit or net income rose 8.1% to $427 million. Its Radio division decreased 2%, as "growth in automotive … more »
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August 1, 2012
Amazon Gets Support From All Major Music Labels For New Cloud Service
AMAZON has reached licensing deals with the four major record companies for a music service that lets users store songs in the cloud, and play them online. Songs from UNIVERSAL MUSIC GROUP, SONY MUSIC, EMI MUSIC and WARNER MUSIC GROUP are now available … more »
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August 1, 2012
Preferred Shareholders In Court To Try To Block Emmis Shareholder Meeting
Preferred shareholders in EMMIS COMMUNICATIONS CORP. aren't going down without a fight, taking the company to federal court to try to get an order to block the company's AUGUST 14th special shareholders' meeting, at which a vote will likely approve bylaw … more »
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July 17, 2012
Say What? IMPALA's Patrick Zelnik Switches Sides To Support UMG/EMI Deal
No sooner had indie label trade group IMPALA released a statement reaffirming its opposition to UMG's acquisition to EMI, than IMPALA Co-Pres. PATRICK ZELNIK wrote an editorial in the FINANCIAL TIMES, asserting that "A UNIVERSAL/EMI merger could … more »
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July 17, 2012
Report: Richard Branson Considers Buying Virgin Records Back
If UMG decides to sell off VIRGIN RECORDS in order to get its acquisition of EMI MUSIC approved by the EUROPEAN COMMISSION (NET NEWS, 7/16), it looks like VIRGIN's original owner, RICHARD BRANSON will make a bid for it, BUSINESSWEEK reports. … more »
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June 19, 2012
EU Regulators Cite Objections To UMG's EMI Purchase
EUROPEAN UNION regulators have sent the UNIVERSAL MUSIC GROUP an antitrust complaint, citing concerns over its bid for EMI GROUP’s recorded-music business, BUSINESS WEEK reports. UMG spokesman ADAM WHITE acknowledged that the EUROPEAN COMMISSION … more »
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June 12, 2012
Report: Thomas H. Lee Looks To Get Smaller
THOMAS H. LEE PARTNERS, the private-equity firm famous for being a part of the CLEAR CHANNEL COMMUNICATIONS buyout, "is weighing a $4 billion buyout fund, half the size of its predecessor, according to two people with knowledge of the firm’s … more »