Entertainment retailer HMV may sell only profitable unit

12/19/2011 | Wall Street Journal, The

UK-based HMV Group, which has already sold its Canadian division and the Waterstone's bookstore chain, may sell its HMV Live business unit in an effort to cut debt and shore up finances, the company said Monday. HMV Live, the company's concert and live-event arm, is the entertainment retailer's only profitable business unit.

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