Warner Music Rewards New Owner With Decent Quarter

This is a nice way to greet the new boss: Warner Music, set to be acquired by investor Len Blavatnik, reports a nice Q2, particularly by music industry standards: Revenue was up 2 percent, while digital sales were up 9 percent. But operating income was down 6 percent, in part because of severance charges, and the company lost 25 cents per share.