Talking of Warner and publishing and all that, word has it Warner have pulled out of the race to buy Viacom's publishing outfit Famous Music, which was put up for sale recently. Other major music publishing houses are bidding but some reckon they will all also drop out - even the now acquisition hungry Sony/ATV - because a number of private equity consortiums, who increasingly see publishing as the cash cow of the music business, are also bidding and they are, some say, willing to pay what I believe experts call "silly money" to secure the Famous catalogue.
May 4, 2007
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1 min read
Warner drop out of Famous Music bidding
Warner has reportedly withdrawn from the race to buy Viacom's publishing business Famous Music, with other publishers and private equity consortiums still bidding.