Warner Music Group Quarterly Loss Not As Bad As It Looks

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Warner Music Group released earnings for its fiscal fourth quarter this morning, and though the company's quarterly net loss widened from $46 million to $103 million, the numbers aren't quite as troubling as they seem.

Though the loss was roughly twice as large as last year's fiscal fourth quarter gap, it reflected tens of millions of dollars in costs associated with this summer's sale of Warner to billionaire Len Blavatnik's Access Industries–about $60 million, judging...