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Suggesters are now suggesting that Parsons and company, with their CD/DVD manufacturing unit and music publishing company already on the blocks, are trying to leverage the failed book deal into a more favorable position vis a vis the WMG-BMG music merger.
Thursday, June 12, 2003

AOLTW AND BERTIE TRY, TRY AGAIN

AOLTW & Bertie Continue to Attempt to Merge Their Music Companies
Those wacky, wacky media couplings and un-couplings continued this week, as AOLTW and Bertelsmann attempt to join their music companies.

Reports surfaced earlier this week that talks between AOLTW and Bertelsmann to merge their WMG and BMG music divisions had hit a snag due to either accounting or (more likely) valuation issues. Then, it was revealed that Bertie’s book publishing division, Random House, had walked away from an earlier $300 million deal to acquire AOLTW’s Little, Brown and Warner Books units.

Suggesters are now suggesting that Parsons and company, with their CD/DVD manufacturing unit and music publishing company already on the blocks, are trying to leverage the failed book deal into a more favorable position vis a vis the WMG-BMG music merger.

Meanwhile, Roger Ames’ Warner Music Group had its best sales week in a while, with the #1 and #2 albums on the chart in Elektra's Metallica and Atlantic's Jewel, eight of the Top 20 and 15 of the Top 50, challenging UMG for the marketshare lead.

 
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