UNDER PRESSURE: As UMG awaits a ruling on its $1.9 billion purchase of EMI Music, shares of parent company Vivendi are at their lowest point in nine years, and a new Fitch Ratings report confirms the company’s BBB rating—the second- lowest investment grade—stating that the rating “would come under pressure” unless debt is reduced, Bloomberg reports. Moody’s gave a similar warning yesterday. Since April, analysts at Fitch, Standard & Poor’s and Moody’s have written notes about Vivendi’s limited debt headroom, citing the EMI acquisition, along with increased competition in the French phone market. (6/28a)
THE COUNT: COACHELLA, FROM THE COUCH
The coziest way to experience the fest (4/18a)
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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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