Warner Music shares up after analyst note

(Reuters) - Greenfield said shares in the company had fallen by more than 31 percent this year due to deteriorating music sales data and uncertainty surrounding a potential EMI merger and on Wednesday dropped below the $16 target price he had set for it.

Sales of CDs fell by 20 percent in the first quarter, according to data from Nielsen SoundScan.


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Google to run video ads from BMG, Warner

Google Inc. said on Monday it would expand testing of its much-anticipated video advertising system by working with two major music labels to embed video ads on Web sites that make money running them.

Google said it would distribute advertising alongside videos from Sony BMG Music Entertainment and Warner Music Group over its AdSense online ad system to Web site publishers in a four-week test now underway.

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