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UMG down in fiscal Q3

FORGET PARIS: The just-released Q3 report from Vivendi indicated that even mighty UMG is being impacted by the contracting music marketplace and broader economic factors. Revenues declined 13.4% (12.6% on a constant currency basis) to 889 million euros ($1.1 billion), while EBITDA was down 38.2% to 68 million euros ($86 million); 37.7% at constant currencies. Alarmingly, digital revenues were off as well, dropping 1.7%. Said Vivendi CFO Phillippe Capron, with all due gravity, "This is going to be a tough, challenging industry for a few more years." (5/13a)

REPUBLIC UPS GOLDSTEIN, ROPPO TO CO-PRESIDENTS
Team Lipman doubles up. (11/26a)
MAYBE, JUST MAYBE:
HOLIDAY CHEER IS HERE
Season's bleatings (11/23a)
COUNTRY GRAMMYS' ROOTS ARE SHOWING
Deck the Grammys with boughs of Holly. (11/24a)
THE BRITISH
ARE COMING
Rolling out our U.K. Special print issue (11/24a)
AND THE GRAMMY NOMINEES ARE...
Olivia, the Biebs, H.E.R., Doja Cat, Billie and Jon Batiste lead the way. (11/24a)
TURKEY
Basting.
STUFFING
Stuffing.
YAMS
Candying.
PUMPKIN PIE
Stuffing (in face).
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