View Single Post
Old March 7th, 2003, 05:51 PM   #1
KJ
Strike Leader
 
KJ's Avatar
 
Join Date: Dec 2002
Posts: 2,425

Default Vi-vendi Universal in the dog house?

Ironic Languatron theories of universal are coming true check out this news copied from IMDB.com

Record Loss at Vivendi Universal


Share prices of Vivendi Universal continued their retreat on the Paris and New York markets today (Friday) following word that the world's second largest media conglomerate had posted the largest loss in French corporate history -- $25.2 billion, much of it resulting from writing down the value of its entertainment assets. The figure was more than twice the $11.8-billion loss posted by Vivendi a year ago. Even more worrisome, analysts pointed out, was the fact that unless the company reaches its target of selling off $7.7 billion in assets this year, it will be unable to make interest payments to its creditors. Speaking to reporters, Vivendi chief Jean-René Fourtou had little to say about negotiations to sell off the company's entertainment properties, including the Universal movie studio, record company, and theme parks as well as the USA and Sci Fi cable channels.

If this happened a few years back what would have become of BG back then?

KJ
KJ is offline   Reply With Quote