Bertelsmann Income Drops on Napster Charges, Strong Euro In a brief first quarter overview, Bertelsmann reported sales of 4.38 billion euros, down from 4.46 billion euros a year ago, reflecting the absence this year of BMG Music Publishing revenue and the continued pounding of the dollar. The company says that “if-only” growth (our general term for their “adjusted for portfolio and foreign exchange effects”) was 1.7 percent. They reported a net loss of 70 million euros for the quarter, due to a 114 million euro special item for out-of-court settlement costs and provisions for lawsuits related to Napster. The company […]
