Amazon 3Q Profit Up

Amazon 3Q Profit Up
Amazon.com has posted third-quarter earnings of $231 million, a 16 percent increase from the same period last year, and a 39 percent gain in revenue to $7.56 billion, compared to $5.45 billion a year ago. Revenue from books, CDs, DVDs, and other media grew 14 percent to $3.35 billion. (10/22)

UK Government To Cut Arts Funding
Arts Council England
's $706 million government grant will be cut by 30 percent to $549 million by 2014, according to a Billboard report. The Musicians Union has voiced its opposition to the cuts, calling it "devastating to music and culture." The funding reduction is part of boarder governmental cuts as the UK addresses budget deficits. (10/22)

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