RUMOR MILL
Tuesday, January 23, 2001
EMUSIC REJIGS ITS WORTH
And We Mean "Rejig" In Only
The Most Positive Sense
The Most Positive Sense
Financially troubled online music distributor EMusic will downgrade the worth of its assets, which it said were valued at $187 million last year.
The company today postponed a quarterly earnings report two weeks to undergo an "impairment review" process to reassesses the value of assets carried on its balance sheets, according to Webnoize.
The company expects to record a "significant non-cash charge" upon completion of the review.
Earlier this month the company laid off 66 employees, or 36% of its work force, and closed a New York office.
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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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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JAMES KING: THE HITS INTERVIEW (PART ONE)rumor mail
