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Vivendi Universal said yesterday that the movie, music and print media behemoth enjoyed double-digit gains in revenue across its vast holdings. The company reported that earnings before interest, taxes, and depreciation, climbed to $809 million at its media businesses in the latest quarter, raising revenue to $5.28 billion. Slight losses from Universal Studios were offset by gains in music, television, publishing, and telecom operations. Vivendi Universal has telephone and wireless businesses throughout Europe. Additionally, Vivendi Universal Chairman Jean-Marie Messier said in a speech to shareholders today that the company will offer downloadable music on mobile phones in September. The new… Read more »

Pop veterans Steely Dan had a surprising run Wednesday night at the 43rd annual Grammy Awards, taking home three awards for “Two Against Nature” and the single “Cousin Dupree.” Steely Dan’s first album of new material in two decades earned album of the year trophy, besting Eminem’s “The Marshall Mathers LP” and albums by Paul Simon, Radiohead and Beck. Released by the Warner-distributed Giant, it also earned prizes for pop vocal album and for best engineered album. U2, whose “Beautiful Day” single was released at the very end of the eligibility period of Oct. 1999 to Sept. 30, 2000, walked… Read more »