Vivendi Q1 Results

VIVENDI Q1 “IN LINE” WITH FORECAST: UMG parent Vivendi announced its Q1 revenue was in line with expectations, forecasting a modest increase in profits for the full year. In addition, UMG’s adjusted EBITDA rose 3.6% in 2009. The company will report full Q1 results on May 11. UMG Co-CEO Lucian Grainge is named to the Management Board, joining Chairman Jean-Bernard Levy, Bertrand Meheut, Frank Esser, Abdeslam Ahioune and Phillippe Capron. (4/29p)