Warner Music Group, one of the world’s biggest music companies, reported quarterly results on Tuesday that showed a decline in revenue and a net loss.

In addition, Chairman and CEO Edgar Bronfman said the company will take steps — including cutting jobs — to shift its resources to selling music and video to digital and mobile customers.

Here are a few other music industry topics that Bronfman discussed on the company’s conference call.

DEATH OF URBAN MUSIC — EXAGGERATED
Analyst: Given the negative attention heaped on urban and hip-hop music in the aftermath of Don Imus’ comments, what the status of urban music?

Bronfman:
Several urban artists, including Pretty Ricky, Paul Wall, Musiq Soulchild, and Notorious B.I.G. also added to our current album share gains.
The industry saw urban markets decline in the U.S. so far this year. On the other hand, we’ve had some standout releases… I’ve seen in my career genres come and go, so I wouldn’t write off the urban genre. That’s things can be cyclical. It’s been true of pop, country, rock, and urban has had pretty much 15 years of uninterrupted growth. If it’s going to take a breather it may take a breather but I certainly wouldn’t write it off as a genre for the future.

WHITHER MYSPACE?
Analyst: Do you see web services like MySpace as a new source of talent or area of promotion?

Bronfman:
Well, I think, frankly, those platforms have had so far more to do with how we promote new artists than how we find new artists. There are a couple of exceptions, there always a couple of exceptions where artists have become extremely popular on MySpace then have become potentially commercially popular. We have one small artist we found on MySpace — been extraordinarily popular on MySpace — we are working very hard to build that artists popularity in the commercial arena.

But certainly platforms like Pure Volume, MySpace, others are very important to us as we promote our artists, make people aware of their music, but it is yet to be true that there’s been a significant shift on A&R to the Internet on really any platform where we have found large scale commercially viable artists as a result of their independent distribution on these kinds of sites.