According to the New York Post the investment bank Morgan Stanley is preparing Warner's publishing division - Warner Chappell - for auction. It is likely Warners would need to sell the publishing concern if it was to merge its music business with EMI (or BMG). However cash strapped parent company Time Warner could do with the estimated $1.2 billion the sale would secure merger or no merger.
Oct 1, 2003
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1 min read
Warner's publishing arm Warner Chappell reportedly being prepared for sale
Morgan Stanley is reportedly preparing Warner Chappell for auction, which could raise an estimated $1.2 billion for cash-strapped parent Time Warner.