Bertlesmann Says It Will Not Sell BMG
German newspaper Frankfurter Allgemeine Zeitung reports that Bertlesmann financial chief Thomas Rabe has acknowledged that discussions were underway with Sony, but that the focus was "not about a disposal".
According to Rabe, Bertelsmann is working with Sony to "financially optimize the joint venture". Are more staff and roster cuts part of the plan?
Source: Digital Music News