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Bertelsmann set For Sony BMG sale

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By Guest

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cds.jpgBertelsmann is making preparations to sell its music companies as Europe's largest media company fights to maintain its private status.

 

People briefed on the plans said it had mandated investment bankers to prepare disposals of its music publishing catalogues and its stake in Sony BMG, its recorded music joint venture with the Japanese group.

 

Four people familiar with the company's plans said a sale was under preparation, though still at an early stage. The group is examining the sale of its 50 per cent stake in Sony BMG and of its wholly-owned BMG Music Publishing division, which has the rights to more than 1m songs from artists including Christina Aguilera, Keane and Coldplay.

 

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