April 2005
Investment Dealers' Digest;4/25/2005, Vol. 71 Issue 16, p52
Trade Publication
The article presents information on investment banking in the field of media and entertainment as of April 2005. Warner Music Group Inc. announced the terms of its initial public offering (IPO) last week, saying it will sell 32.6 million shares at an expected price range of $22 to $24 per share. Warner Music was carved out of Time Warner and purchased by a group of investors in March 2004 for $2.6 billion. WorldSpace Inc. filed a $100 million IPO registration. A satellite radio service based in Washington D.C., WorldSpace was founded in 1990 and holds broadcast licenses across several continents. According to its filing, the company sells subscriptions to its service and leases broadcast capacity on satellites it owns. INSET: In The News.


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