Bertelsmann Backing Out

Jun 10th, 2008 // 1 Comment

Bertelsmann is getting out of the music business earlier than originally planned: It’s currently making the initial moves toward selling its 50% stake in Sony BMG back to Sony, according to a report in the Financial Times. Does this mean that their building in Times Square will finally take down the billboard advertising Christina Aguilera’s Stripped? [Variety]

  1. Anonymous

    Smartest move they could make.

    Wondering why Sony would spend the dough to buy their 50% though..

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