IB tease

REAL-LIFE CLIFFHANGER: The bids for Warner Music are in—but that’s really just the beginning of the process that will eventually reshape the music business. Why does Edgar Bronfman have two plans for proceeding, what are the chances Lyor Cohen will be part of those plans, and what’s keeping Citi from putting EMI on the block? These are among the topics considered by I.B. Bad in his latest column—required reading for anyone who finds this nutty business endlessly fascinating. (4/8a)