Warner Music Group Corp. narrowed its fiscal second-quarter loss with cost cutting as the recording industry struggles to make the transition to digital music sales.
The company said Thursday that broader economic weakness is still weighing on consumers. Digital revenue rose, but not enough to offset the decline in compact disc sales.
Warner lost $25 million, or 17 cents per share, in the first three months of the year. That compares with a loss of $68 million, or 45 cents per share, a year ago.
Revenue …
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