INTERNATIONAL
From Times Staff and Wire Reports
Sony Music Debut Fizzles: Stock market doldrums, slumping company profits and the Rolling Stones joined forces to ruin Sony Music Entertainment’s financial debut in Japan. Sony Music, a subsidiary of Sony Corp., did not attract a single trade on the Tokyo Stock Exchange. A British entrepreneur had announced that he had signed the Rolling Stones away from Sony, which bought CBS Records in 1988 to form Sony Music Entertainment. Sony Music shares, first offered at $52.40, dropped to $43.90.
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