Bertelsmann CEO: Music Arm Not For Sale
Bertelsmann AG Chief Executive Thomas Middelhoff said in an interview published on Saturday that the company’s music division Bertelsmann Music Group (BMG) would not be put up for sale. “There will be no sale of BMG,” Middelhoff said in an interview with German daily Sueddeutsche Zeitung. The comments come after the collapse of a planned merger of BMG and Britain’s EMI Group earlier this week as the two groups failed to crack regulatory concerns. Last July, Middelhoff said the sale of BMG could be possible under certain conditions but told Sueddeutsche Zeitung that the situation had changed after his company’s… Read more »