Warner Music Group shed $17 million – or 11 cents per share – during the fourth quarter, a sharp reversal from year-ago gains. But Wall Street was expecting something worse – closer to 14 cents according to Thomson Reuters – and shares moved upward in Tuesday trading. At the bell, WMG finished at $5.02, a 4.8 percent gain over the previous close. (more…)
Posts Tagged ‘Compact Disc’
Better Than We Thought: Wall Street Bumps WMG…
Wednesday, February 10th, 2010Why Digital Is Less Green Than You May Think…
Wednesday, August 19th, 2009The erosion of the CD and a transition towards digital is better for the environment, for rather obvious reasons. All that polycarbonate plastic suddenly vanishes, as do the space-intensive retailers, fuel-chugging trucks, and footprint-heavy factories that comprise the delivery chain. But digital also consumes resources, making the shift towards downloading, streaming, and portability a bit less green than many think. (more…)
