Cost cutting at EMI results in 2008 turnaround

EMI Music has released their financial report for fiscal year 2009, which ended in March, showing a company that appears to be doing better than others in the recording industry. Cost cutting measures put in place by Terra Firma, the label's owner since 2007, have resulted in earnings of £163 million ($219 million). Despite his company performing better than other labels, CEO Elio Leoni-Sceti ... [ read the full article ]