TITLE

BMG Auction Heats Up

AUTHOR(S)
Butler, Susan
PUB. DATE
June 2006
SOURCE
Billboard;6/17/2006, Vol. 118 Issue 24, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
21157601

 

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