Date:         Wed, 18 Jul 2007 22:25:35 -0400
Reply-To:     Association for Recorded Sound Discussion List
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Sender:       Association for Recorded Sound Discussion List
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From:         Aaron Levinson <[log in to unmask]>
Subject:      Re: EMI is NOT about to be bought by WMG either!
Comments: To: Association for Recorded Sound Discussion List <[log in to unmask]>
In-Reply-To:  <008401c7c9a7$298b1290$0200a8c0@steve3000>
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Actually WMG has elected to sit this one out as well. Perhaps in "12-18 
months when the label side will be worth a lot less" and can be had for 
a pittance Warner Music Group will get back in the game. Strangely, the 
move /not/ to tender an offer for EMI actually helped pull the WMG stock 
price out of the death spiral it was in. It has rebounded to $15 a share 
from its all-time low the day before of $13.

Given these well established facts maybe it's really Steve that's not 
reading the business news...

AA


Steve Abrams wrote:
> Wrong!  The bid from Terra Firma was decisively rejected by EMI 
> shareholders.  It was only taken up by 3.6% of shareholders.  There is 
> likely to be a new bid from Warners and that may well be successful.  
> Don't you read the business news?
>
> SA
>
> ----- Original Message ----- From: "Tom Fine" 
> <[log in to unmask]>
> To: <[log in to unmask]>
> Sent: Thursday, July 19, 2007 2:03 AM
> Subject: Re: [ARSCLIST] 78s, SoundExchange, & SaveNetRadio-Tom & Mal
>
> I would hope, given that all but EMI of the major record companies are
>> publicly-traded (EMI is about to be bought by a private-equity firm), 
>> that the dealings of their industry association is aimed at maximum 
>> long-term sustainable profits for the companies, and killing off a 
>> source of revenue is not good business.
>>
>> -- Tom Fine
>