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March 4, 2008

Check out this article on Warner Music Group's Edgar Bronfman, Jr. written by the New York Times' Andrew Ross Sorkin. The piece tries to dismiss Bronfman's popular reputation, which Sorkin calls "undeserved." He adds that Bronfman's peer group is having a to go of it these days as well, and that "Bronfman has done a good job running Warner Music: the company is more profitable than it has been in years."

Individual investors shouldn't kick themselves for owning WMG stock specifically. They should have understood the risks involved in investing in a pure play music company. As Guy Hands has found at at EMI, a turnaround is more challenging than most thought it would be.

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Posted by Glenn at 11:01 AM | | | Warner Music Group