EMI Issues Profit Warning, Shares Plunge
January 12, 2007
EMI Ousts Execs, Issues Profit WarningAssociated Press 01.12.07, 6:44 AM ET
Music company EMI Group PLC announced the departure of two top executives Friday and said it expects revenues to fall at its music division after disappointing Christmas sales. Its shares dropped more than 7 percent.
EMI Music Chief Executive Alain Levy and Vice-Chairman David Munns will leave the world's third-largest music company with immediate effect, EMI said.
The company, home to artists such as Coldplay and Robbie Williams, said in October that it expected the bulk of its full-year sales to be generated in the second half of the financial year ending March 30...read more:
hereLabels: emi, royalties
1/12/2007 07:46:00 AM
SSG Has Merged. You Can Read All Of The Latest SSG Content By Clicking Here
0 Comments:
SSG is not a Financial Advisor. Read Disclosure: HERE
--------------------------------------------------------
