Media & Entertainment

Vivendi rebuffs bid for entertainment assets

21 Nov 2002

Vivendi cranks up Cegetel vehicle

20 Nov 2002

Recent disclosures give the outlines of a plan by the conglomerate to buy BT's stake in Cegetel using a special purpose vehicle. Analyse the structure, and Vivendi's plan makes sense as a delaying tactic in the hope of selling at a better price later on.

Vivendi cranks up Cegetel vehicle

20 Nov 2002

EMI delivers on costs, but revenues disappoint

19 Nov 2002

The music group has restructured, but the music market is still softening due to piracy and rival media. EMI should perhaps consider exploring consolidation again especially now that European merger policy is in disarray.

Vivendi bond buyers forced to short its shares

19 Nov 2002

The hedge funds who invested weren t just allowed to short the stock. They were compelled to. There s method in this madness. But it just rams home how modern finance has taken on AliceinWonderland characteristics.

EMI delivers on costs, but revenues disappoint

19 Nov 2002

Vivendi bond buyers forced to short its shares

19 Nov 2002

Vivendi juices up convertible bond

14 Nov 2002

The media group is effectively selling 7% of its equity at a 29% discount to the share price of a week ago. That's the price a financiallychallenged group has to pay if it wants to raise cash to pay for dubious acquisitions.

Vivendi juices up convertible bond

14 Nov 2002

AOL over-stated ad revenues by $190m

24 Oct 2002

This won't do anything to endear the internet unit to former Time Warner shareholders. The problem is that there doesn't seem much they can do about it.

Case in point

24 Oct 2002

AOL over-stated ad revenues by $190m

24 Oct 2002

More of the same

22 Oct 2002

Caught in a satrap

21 Oct 2002

Where’s the floor?

18 Oct 2002

Uncle Tom’s Cabin

16 Oct 2002

Playing solitaire – and patience

9 Oct 2002

Haven’t we met someplace before?

7 Oct 2002

Terminal for someone

27 Sep 2002

French farce

26 Sep 2002