Eugene David
...The One-Minute Pundit

Wednesday, September 03, 2003


Just as Vivendi is poised to make zillions on its GE Bancorp deal (hardy har har), its record unit, which cannot be mentioned in any news story without the words "free cash flow," is allegedly cutting the list price on its top-line CDs to $12.98. There has to be a BUT in here someplace, and I'll bet the BUT is they're eliminating other tiers, so the customer will pay $12.98 for everything. Nonetheless, it appears reality has finally struck the record business.

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