BMG Auction Heats Up

Butler, Susan
June 2006
Billboard;6/17/2006, Vol. 118 Issue 24, p12
Trade Publication
The article reports on bids for the private auction of BMG Music Publishing. Nicholas Firth, who has headed BMG Music Publishing since its inception in 1987, is ready to lead a management buyout backed by qualified financial sponsors. Sony Corp. which has a relationship with Bertelsmann AG through the Sony BMG Music Entertainment joint venture, is also eyeing the publisher. Other interested parties are believed to include private equity and hedge funds that are backing, or led by, Warner Music Group chairman/CEO Edgar Bronfman Jr., former top EMI executive Charles Koppelman and former Warner/Chappell head Les Bider.


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