TITLE

Bertelsmann family plan

AUTHOR(S)
Zeitchik, Steven
PUB. DATE
July 2006
SOURCE
Daily Variety;7/6/2006, Vol. 292 Issue 2, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that shares of private media conglomerate Bertelsmann Family will be thrown open to the public when it made its acquisition of the 25% stake held by Group Bruxelles Lambert (GBL). The purchase will cost Bertelsmann around 5.8 billion. Owned by Reinhard and Liz Mohn and their children, the company plans to sell the BMG Publishing unit for $2 billion, but it try to sell part or all of its 50% piece of Sony BMG. The firm would try to financially optimize its investment.
ACCESSION #
21523677

 

Related Articles

  • Zomba to ax 350 amid BMG merger. Oppelaar, Justin // Daily Variety;3/28/2003, Vol. 278 Issue 60, p22 

    Reports on Zomba Music Group's retrenchment of its employees as part of its integration into parent company, BMG. Consolidation of Zomba's units; Retention of Zomba's independent operation from BMG; Consolidation of Zomba's offices outside the United States and Great Britain into the global...

  • BIT OF BERTELSMANN. Meza, Ed // Daily Variety;1/30/2006, Vol. 290 Issue 21, p14 

    The article reports on the plan of Groupe Bruxelles Lambert (GBL) to open their 25 percent shares of stock in Bertelsmann AG into public bidding. The shares were estimated to amount 6.6 billion dollars. The rest of the 75 percent shares were controlled by the Mohn family. GBL may seek the public...

  • REGULATORY ROUNDUP.  // Lawyer;9/18/2006, Vol. 20 Issue 36, p22 

    The article reports that the Court of First Instance has overturned the European Commission's decision to clear the merger between Bertelsmann Music Group (BMG) Inc. and Sony Music Corp in Great Britain. The author offers information about the basis of the court's decision. They have also...

  • BMG MUSICAL CHAIRS. Gallo, Phil // Daily Variety;3/25/2004, Vol. 282 Issue 64, p8 

    RCA has raised the roof to accommodate Arista Records as BMG continues to rearrange labels and executives in the name of profitability. Arista Records, previously a stand alone company, will become a separate label under the RCA Music Group umbrella, retaining its artists as well as A&R and...

  • CLIVE WILL DRIVE . Oppelaar, Justin // Daily Variety;11/20/2002, Vol. 277 Issue 33, p1 

    Reports that BMG is absorbing J Records, the German record company's joint venture with Clive Davis. Speculation as to how much BMG paid; J Records' number two executive Charles Goldstuck's appointment at RCA Music Group; Successes of RCA in the album charts.

  • REGULATORY ROUNDUP.  // Lawyer;10/16/2006, Vol. 20 Issue 40, p22 

    The article offers news briefs related to the legal services industry in Europe. Sir Christopher Bellamy was resigning from the Competition Appeal Tribunal to join Linklaters as a senior consultant. Meanwhile, Bertelmann Music Group and Sony Music are appealing against the Court of First...

  • BMG's Zomba integration to result in loss of 350 jobs. Bennett, Ray; Pryor, Peter // Hollywood Reporter -- International Edition;4/1/2003, Vol. 377 Issue 52, p59 

    his article reports on the possibility of termination of about 350 employees of the company Zomba Music Group in May, 2003 as the company BMG begins to integrate the unit. Zomba's labels which include the unit Jive as well as its publishing units will remain independent companies for the U.S....

  • The world: Sony and BMG merger probed.  // BRW;2/12/2004, Vol. 26 Issue 5, p10 

    Reports on the European Commission's investigation on the proposed merger between Sony Music and BMG.

  • Challenges Ahead For Sony, BMG Merger. Legrand, Emmanuel; Holland, Bill; Garrity, Brian // Billboard;3/20/2004, Vol. 116 Issue 12, p87 

    Focuses on several issues concerning the merger plan of Sony and BMG in 2004. Concern on the possible effects of the status of both companies on the merger; Information on several parties and sectors that oppose the merger; Discussion on the two-step process undertaken by the European...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics