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[dvd-discuss] Vivendi Posts Big Losses and Will Unload ManyAcquisitionsugust 14, 2002

ugust 14, 2002

Vivendi Posts Big Losses and Will Unload Many Acquisitions


     ARIS, Aug. 14 - Unfolding a strategy for pulling Vivendi Universal 
out from under a mountain of debt, Vivendi's new management
     announced huge net losses today for the first half-year, largely as a 
result of financial charges and provisions totaling 14.4 billion
euros, or $14.1 billion, far more than markets had expected. 

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