Even journalists have a sense of humour... Under the headline "You Just Haven't Earned It Yet Baby" - the business column in todays Guardian Newspaper ( UK left of centre broadsheet ) there is a slightly tongue in cheek analysis of the woe's at Sanctuary central. here's the most main section -
Notebook: Morrissey could analyse Sanctuary
Here's a little game for Sanctuary's suffering shareholders, Which lyric by Morrissey - the company's most famous client, best describes the group's current plight.
Heaven Knows I'm miserable Now and Still Ill are far too obvious. I Don't Owe You Anything gets marks for irony, given Sanctuary's pile of debit, indeed lets hope Cemetery Gates is premature. There is a light that never goes out is optomistic, but frankly Stretch Out And wait chimes with the inevitability of Sanctuary's announcement for all the chatter, no bid has materialised.
Now Warner Music has walked, life looks very grim indeed for little Sanctuary. Yes Yes, all those titles were by The Smiths, rather than Morrissey, the solo artist on Sanctuary's books, but thats rather the point here. Building a business on the music industry's retreads is a model that has never been shown to work.
you can get more details of the Sanctuary decline here:
No refuge for Sanctuary as bid talks fail - The Guardian
and here:
Pop goes the label - The Guardian
it must be a game they play in the office - there is an article on the same page about retail recovery titled -
"Reasons To Be Cheerful"
THERE were serious concerns for the survival of Sanctuary Group yesterday as the world’s largest independent music company unveiled its third profits warning for the year and said that takeover talks with a prospective buyer had fallen through. The company’s shares plunged by more than 40 per cent to 10p, their lowest point in more than 13 years, after it said that profits were likely to underperform full-year market forecasts.
