Los Angeles - Digital music service Napster (NASD: NAPS) has reported first quarter sales of $30.3 million, down 6% from the same period a year ago, and a slightly wider loss of $4.4 million.

New York - Major record label Warner Music Group (NYSE: WMG) reports that third quarter revenue was up 5% from the same period a year ago, to $848 million, while digital revenues climbed 39%, to $166 million. Warner Music's digital revenues were up 1% from the first quarter of the year, and now account for about 20% of the company's total revenues; in the U.S., digital revenues made up 31.7% of total revenues.

Tokyo - Japanese video game developer Nintendo has announced that sales for its recent quarter were up 34% from a year ago, to $993 million, while net sales were up 24%, to $3.91 billion.

New York - The New York Times Co. (NYSE: NYT) announced on Wednesday that in June its total company revenues from operations decreased 10% compared with the same month a year ago.

Milpitas, Calif. - Shares of SanDisk (NASD: SNDK) dropped 24% on Tuesday, a day after the maker of flash storage cards and MP3 players reported a second-quarter loss that sunk well below analyst expectations.

Mountain View, Calif. - Shares of Google (NASD: GOOG) fell more than 9% -- roughly $50 -- by late Friday after the Internet giant posted second quarter earnings that fell well short of Wall Street expectations.

Washington - As it continues to await the approval of the Federal Communications Commission to complete its multi-billion-dollar merger with Sirius (NASD: SIRI), XM Satellite Radio (NASD: XMSR) on Monday reported a higher first-quarter loss, despite a healthy gain in subscribers.

Dulles, Va. - Another sharp drop in subscription revenue took its toll on AOL's bottom line during the first quarter, parent Time Warner (NYSE: TWX) said on Wednesday. The company, which has been trying to establish itself as an online advertising power, lost 647,000 subscribers during the three-month period, and was down to 8.7 million subscribers as of March 31.

Gutersloh, Germany - German media conglomerate Bertelsmann has reported its annual earnings for 2007, and said that revenues from its share of joint venture record label Sony BMG fell 27.8%, to $2.3 billion, as physical revenues fell 17% and digital revenues increased by 40%. Digital now accounts for 17% of total revenue at Sony BMG, up from 12% in 2006.

Washington - As the company continues to wait for a decision from federal regulators concerning its proposed merger with rival Sirius (NASD: SIRI), XM Satellite Radio (NASD: XMSR) on Thursday said that it boosted its revenue and narrowed its net loss during the fourth quarter.

Los Gatos, Calif. - Shares of online DVD rental service Netflix (NASD: NFLX) rose over 9% on Wednesday, as the company upped its first quarter and fiscal year 2008 earnings outlook, as well as its subscriber growth forecasts.

New York - Major record label Warner Music Group (NYSE: WMG) has posted a loss for its fiscal first quarter, ended Dec. 31, but saw revenue from digital music sales climb 41.9% from a year ago to $132 million, and said digital now accounts for 14% of total revenue.

Tokyo - Profit for Japanese video game maker Nintendo soared 96% during the first three quarters of its fiscal year, ended Dec. 31, propelling the company to raise its sales projections for both its Wii and DS game devices.

Agoura Hills, Calif. - Video game publisher THQ (NASD: THQI) has announced that it will shutter its Concrete Games studio, cancel production on several new titles and discontinue its "Stuntman" and "Juiced" franchises, as it attempts to strengthen its development of high-quality games.

Cupertino, Calif. - Shares of Apple (NASD: AAPL) slid nearly 11% on Wednesday after the company said that its second-quarter earnings are likely to be weaker than expected. CFO Peter Oppenheimer said that the company expects to earn $0.94 a share on revenue of $6.8 billion, well below consensus analyst estimates of $1.09 and $6.99 billion, respectively, according to Thomson Financial.

Santa Monica, Calif. - Video game publisher Activision (NASD: ATVI) announced on Tuesday that it has raised its net revenue and earnings outlook for the third quarter and fiscal year 2008, crediting strong sales of its "Guitar Hero III: Legends of Rock" and "Call of Duty 4: Modern Warfare" titles.

New York - Struggling video game publisher Atari (NASD: ATAR) posted a loss of $11.9 million in its delayed quarterly report on Wednesday, as revenue fell to $10.4 million from $19.5 million a year ago, and the company stated "substantial doubt about our ability to continue as a going concern."