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DATE 2006-02-01

HANGOUT

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Key: Value:

Key: Value:

MESSAGE
DATE 2006-02-14
FROM Ruben Safir
SUBJECT Subject: [NYLXS - HANGOUT] Digital rights and Profits

Warner Music Group said Tuesday that quarterly profit nearly doubled,
boosted by lower expenses and by stronger sales of higher-margin digital
songs during the holiday season.

The company, home to artists that include Madonna, Green Day and James
Blunt, said net income for the first quarter ended Dec. 31 rose to $69
million, or 46 cents per share, from $36 million, or 31 cents per share,
a year earlier.

Revenue fell 4 percent to $1.04 billion, Warner said, blaming
exchange-rate fluctuations and the May 2005 sale of its sheet music
business, which had contributed $15 million in the year-earlier period.
Analysts surveyed by Reuters Estimates had forecast revenue of $1.09
billion.

"We were impressed with the extent of margin improvement given flat
adjusted revenues," said Richard Greenfield, an analyst at Pali
Research.

Warner Music said digital revenue rose to $69 million, up 30 percent
from the fourth quarter, and nearly triple that of a year earlier,
because of online music sales at services such as Apple Computer's
iTunes music store and Napster, as well as mobile ring tones.


In other news:
* Special coverage: RSA Conference spotlights security
* Looking for love in virtual places
* Newsmaker: IBM chip architect guns for gigahertz
* Check back Wednesday for Congress' take on the Internet and
China.

The United States accounted for about 70 percent of digital music sales,
which were split evenly between Internet downloads and ring tones.

Revenue from Warner's recorded music business fell 2 percent, to $920
million, and revenue from music publishing fell 15 percent to $131
million.

Warner Music underwent a restructuring after its 2004 sale by Time
Warner to an investment group led by media mogul Edgar Bronfman Jr. for
$2.6 billion.

The company has focused on cutting costs, exploiting its catalog and
investing in digital music. It went public in May of last year.

Total costs and expenses for the first quarter fell 6 percent from a
year earlier to $900 million.

Story Copyright © 2006 Reuters Limited. All rights reserved.


  1. 2006-02-01 From: "Inker, Evan" <EInker-at-gam.com> Subject: [NYLXS - HANGOUT] EFF sues AT&T over U.S. wiretapping program
  2. 2006-02-01 From: "Winifred Vickers" <hangout-at-mrbrklyn.com> RE: Yours Loan is approved -Hangout
  3. 2006-02-01 WWWhatsup <joly-at-dti.net> Subject: [NYLXS - HANGOUT] Stallman -at- Kaplan Center
  4. 2006-02-01 WWWhatsup <joly-at-dti.net> Subject: [NYLXS - HANGOUT] Stallman -at- Kaplan Center
  5. 2006-02-01 WWWhatsup <joly-at-dti.net> Subject: [NYLXS - HANGOUT] Stallman -at- Kaplan Center video
  6. 2006-02-05 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [Fwd: Availability for interview?]
  7. 2006-02-07 From: "Inker, Evan" <EInker-at-gam.com> Subject: [NYLXS - HANGOUT] NYLXS General Meeting, Thur Feb. 09, 2006 7:00
  8. 2006-02-07 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [Ingrid.marson-at-zdnet.co.uk: Free Software Chamber of Commerce]
  9. 2006-02-07 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [Fwd: Free Software Chamber of Commerce]
  10. 2006-02-08 From: "Inker, Evan" <EInker-at-gam.com> Subject: [NYLXS - HANGOUT] If Linus snubs new GPL, is that it for 'open source'?
  11. 2006-02-10 From: "Inker, Evan" <EInker-at-gam.com> Subject: [NYLXS - HANGOUT] Two ways Microsoft sabotages Linux desktop adoption
  12. 2006-02-10 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Good News!!
  13. 2006-02-10 WWWhatsup <joly-at-dti.net> Re: [NYLXS - HANGOUT] Good News!!
  14. 2006-02-10 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Good News!!
  15. 2006-02-10 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Good News!!
  16. 2006-02-11 WWWhatsup <joly-at-dti.net> Re: [NYLXS - HANGOUT] Good News!!
  17. 2006-02-12 From: "Steve Milo" <slavik914-at-rennlist.net> Re: [NYLXS - HANGOUT] Good News!!
  18. 2006-02-13 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [Fwd: new study on Linux management being released tomorrow ...]
  19. 2006-02-13 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Storm of Feb 2006
  20. 2006-02-14 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [Fwd: FYI - Donations to Not-for-Profit Organizations - NYU Asset
  21. 2006-02-14 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Digital rights and Profits
  22. 2006-02-14 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Brooklyn News
  23. 2006-02-14 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Bedfellows: Oracle: Sleepycat
  24. 2006-02-14 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] FLAME WAR
  25. 2006-02-15 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Copyright in Coins
  26. 2006-02-15 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [Fwd: [501techclub-ny] Server to donate]
  27. 2006-02-15 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [Fwd: Your invitation to meet DIGIT from Cyberchase, FRANK McCOURT
  28. 2006-02-15 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [Fwd: ANNOUNCE: Registration Open for Gelato ICE:
  29. 2006-02-15 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [Fwd: Need a job posted - Low Level Linux Kernel Developer
  30. 2006-02-15 rc <ray-pub-at-rcn.com> Subject: [NYLXS - HANGOUT] Oracle tried to buy open-source MySQL
  31. 2006-02-16 From: "mlr52-at-michaellrichardson.com" <mlr52-at-michaellrichardson.com> Subject: [NYLXS - HANGOUT] Fwd: Health: Minute Clinics opening Nationwide!
  32. 2006-02-16 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Re: [Hardhats-members] A Pill, a Scalpel, a Database
  33. 2006-02-17 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] RE: [501techclub-ny] online database consultation
  34. 2006-02-21 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [Fwd: ISOC-NY presents NYC Council Member Gail Brewer]
  35. 2006-02-21 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [Fwd: [Hardhats-members] Fw: Mumps / Vista Programmer
  36. 2006-02-21 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [Fwd: From Red Hat to LUGs: greetings, updates, requests]
  37. 2006-02-22 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [Fwd: US/Israel Venture Summit]
  38. 2006-02-23 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] HP on GNU/Linux
  39. 2006-02-23 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Is Free Software Losing Ground?
  40. 2006-02-23 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] MS to sue GNU/Linux to death
  41. 2006-02-23 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Washington Heights Pilot
  42. 2006-02-23 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [Fwd: Sybase on Linux]
  43. 2006-02-23 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Washington Heights Pilot
  44. 2006-02-23 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Internet TV
  45. 2006-02-23 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] for those interestin in internation affairs
  46. 2006-02-23 From: "mike hjorleifsson" <mikeh-at-dtev.com> RE: [NYLXS - HANGOUT] Internet TV
  47. 2006-02-23 From: "Inker, Evan" <EInker-at-gam.com> Subject: [NYLXS - HANGOUT] Dubai wants IT business as well as U.S. ports
  48. 2006-02-23 Ruben Safir <ruben-at-mrbrklyn.com> RE: [NYLXS - HANGOUT] Internet TV
  49. 2006-02-23 Ruben Safir <ruben-at-mrbrklyn.com> RE: [NYLXS - HANGOUT] Internet TV
  50. 2006-02-23 From: "Steve Milo" <slavik914-at-rennlist.net> Subject: [NYLXS - HANGOUT] Symbol LNUX
  51. 2006-02-23 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Audio Tools from Novell
  52. 2006-02-24 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Bit Torrent Humor
  53. 2006-02-24 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Healthcare and Free Software
  54. 2006-02-25 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Naked Women among us (in art) - Audrey Munson
  55. 2006-02-26 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Re: [CFSG-forum] Re: Fwd: Linux usage in NYC schools
  56. 2006-02-27 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Vista and GNU/Linux - paid gigs
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