Universal Music parent company Vivendi has reported its first profit decline in seven quarters. The conglom has put the fall down to a slide in CD sales at Universal Music, the weakness of the dollar and the fact that last year's figures were artificially high because of the income generated by a sale of Vivendi's share in Veolia Environment. Profits in Universal Music fell 17%.
Nov 15, 2007
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1 min read
Vivendi profits down
Vivendi has reported its first profit decline in seven quarters, blaming falling CD sales at Universal Music and a weak dollar, with Universal profits down 17%.