RUMOR MILL
Monday, June 20, 2011
EMI for Sale
EMI FOR SALE: With Citigroup about to put EMI Music on the auction block, the music company sent out a press release this morning stating that “the Board of Directors… has initiated a process to explore and evaluate potential strategic alternatives, including a possible sale, recapitalisation (sic) or initial public offering of the Company.” In making the announcement, EMI stated “there can be no assurance that this strategic review process will result in a transaction. The Company does not intend to disclose developments with respect to its strategic review process unless and until its Board of Directors has approved a specific transaction.” For Faxon's interoffice memo about the impending sale, click here. Let the bidding begin. (6/20p)
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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JAMES KING: THE HITS INTERVIEW (PART ONE)rumor mail
