Sony Corp. announced its financial results for the second quarter ending September 30, 2006. Sony BMG increased its revenue by 1% over the same period last year. Its loss of $39 million (on sales of $948 million) was less than the loss of $60 million last year. That loss included a $39 million restructuring charge.

Read the PDF of the consolidated financial results. Sony BMG results are on page 7.

Last quarter, Sony BMG lost $81 million on sales of $872 million.

It's clear that post-merger Sony BMG is having difficulties. A handful of hits -- Justin Timberlake, Christina Aquilera -- are tempered by underperformers, notably Dixie Chicks and OutKast. Clay Aiken's new album is falling steadily after five weeks of release. Beyonce is pushing the 1,000,000 mark, though, and Carrie Underwood continues to sell 30,000-plus a week after almost a year of release.

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