Music’s Sales Slump Slowed–But Not Stopped–By Michael Jackson and the Beatles

The good news: Two of music’s biggest acts helped slow the industry’s sales slump last quarter. The bad news: It’s still slumping. And the Fab Four and MJ are probably out of tricks.
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Can Universal Music Run Its Own Hulu? It’s Going to Try.

At first glance, it seems straightforward: The world’s biggest music company and the world’s biggest video site team up to make a new music video hub. But Vevo, the arrangement announced by Google’s YouTube and Vivendi’s Universal Music Group yesterday, isn’t quite as straightforward as the two companies made it sound.
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Universal Music: We Don’t Sound as Bad as Everyone Else

Like everyone else in the music business, Universal Music Group had a rough end to 2008. But compared to its peers, the largest music company in the world did all right. It attributes some of its success to marijuana enthusiast Lil Wayne.
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Big Media Debt Headaches: Clear Channel Today, CBS Next Week?

Just like everyone else who racked up lots of loans when the banks were giving cash with almost no strings attached, big media have a debt hangover. Clear Channel, whose private equity owners took on $17 billion in debt to acquire it last year, is getting hammered by investors who think it won’t be able to pay that money back. Next up for scrutiny: CBS, which has a big debt payment due next year and not that much cash on hand.