RUMOR MILL
Friday, May 18, 2001
VIVENDI UNIVERSAL REPORTS Q1 REVENUE UP
This Story Contains No Mention Of EBITDA, Jerry Lewis, Surrendering To The Germans
Vivendi Universal today reported Q1 revenue rose 35% to 12.59 billion euros ($11 billion) from 9.36 billion euros, the company said in a faxed statement.
Europe's largest publicly traded media company was formed last year when Vivendi purchased Seagram, owner of Universal Music Group and Universal Studios, and Canal Plus, Europe's biggest pay- television company, for about $40 billion.
Revenue from Vivendi's media and communications unit more than doubled to 5.85 billion euros (just think of it as European Monopoly money) in the first quarter from 2.86 billion euros last year. Revenue from the company's environmental services businesses also rose.
Vivendi Universal shares rose as much as 1.1%, or 85 cents, to 77.65 euros.
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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A CHORUS OF PRAISE: IVORS 2024 NOMSrumor mail
