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WMG earnings

WABBIT HOLE: In the bad news/good news department, Warner Music's fiscal Q3 loss widened, but not as much as analysts had expected. For the quarter ended June 30, Warner reported a loss of $55 million, or 37 cents a share, compared with a year-earlier loss of $37 million, or 25 cents a share. Revenue dropped 16% to $652 million, blamed on what Warner accurately called a "light" release schedule. The company said digital revenue rose 2.3% and made up 27% of total revenue. Operating income on the record side dropped 46% as revenue slid 18%. It’s WMG’s sixth straight quarterly loss. Shares have fallen 17% so far this year. (8/5a)

MAYBE, JUST MAYBE:
MOBILE PHONES,
IMMOBILE HUMANS
Lenny Beer needs to cut down on his screen time. (9/30a)
RAINMAKERS: MICHAEL RAPINO, NATION BUILDER
A tease for the upcoming edition, eh? (9/30a)
THE DEATH OF PRINT JOURNALISM: GRAMMY PREVIEW EDITION
Gimme an "H." Gimme another "H." (9/30a)
NEAR TRUTHS: PARANOIA STRIKES DEEP—INTO YOUR LIFE
IT WILL CREEP*
A high-revving column (9/30a)
YOUR TOP 20 IS
FULLY LOADED
Prediction: There will be 20 albums in the Top 20 this week. (9/30a)
GRAMMY TALK
We're full of it.
AFRICAN POP
Getting global with it.
IT'S PRETTY SMOKY
And this time it's not from our bong.
WHAT COMES AFTER TIKTOK?
Shorter videos! Weirder trends!
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