News
Vivendi Universal Revenues Rise
Vivendi Universal said third-quarter revenues for Vivendi Universal, excluding its utilities unit Vivendi Environnement, grew by 1 percent to $7.4 billion, despite revenue declines in its publishing and music divisions. The report, released Monday, comes as the media, entertainment and utilities conglomerate faces continuing pressure to improve its balance sheet and convince investors that its business is sound. For the three months ending Sept. 30, Vivendi’s Canal Plus subscription television group showed some improvement, with revenue growing 4 percent to nearly $1.2 billion in the third quarter. But Vivendi’s Universal Music Group saw revenues fall 9 percent to 1.3 billion… Read more »