RUMOR MILL
Monday, December 4, 2000
EDEL STOCK DECLINES
Drop Blamed On Resignation Of Finance Chief, Report Of Wider Losses, David Hasselhoff
Following news that its nine-month operating loss widened and its finance chief was quitting, Edel Music shares posted their biggest decline since the company's 1998 IPO.
The company's shares slumped as much as 4.47 euros, or 38%, to 7.2 euros, giving the company a market value of 157 million euros (or $140 million). The company, which owns the European rights to Walt Disney Co.'s music, reported late Thursday (11/30) that its nine-month operating loss had widened to 9.7 million deutsche marks (or $4.3 million) from a loss of 1.8 million marks for the same period a year ago.
Edel's market worth saw its high-water mark in February 1999, when the company, which trades on the Neuer Markt, was valued at more than 2 billion 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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