Overall sales rose to 4.89 billion euros ($6.2 billion) from 4.87 billion euros a year earlier. Analysts had previously estimated a bump of 1.8% to 4.96 billion euros.
The company said the recent “friendly” approach from buyout firm Kohlberg Kravis Roberts & Co. failed to result in a bid. Shares of the company fell 43 cents, or 1.4%, to 29.60 euros in Paris. Overall, they had risen 12% since the first of the year.
Vivendi shares trade at about 14 times its estimated 2006 earnings, compared with 24 times for Time Warner, the world’s largest media company.
Sales at SFR, France’s second-largest mobile-phone company and Vivendi’s largest unti, fell 1.8% to 2.2 billion euros.
Sales at Universal Music Group, Vivendi’s second-largest unit, slipped 2.1% to 1.1 billion euros, which was in line with forecasts. Excluding current effects, sales rose .8%, thanks to the international success of The Killers and Scissor Sisters. The one note of optimism was struck by downloaded music sales, which rose 88% to 126 million euros, accounting for 12% of total music revenue.
THE COUNT: ALL THE DESERT'S A STAGE
The dust settles on the Indio Polo Grounds. (4/22a)
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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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