EMI Contemplating Sale Of Recorded Music Division
Looking to reverse falling profits and save over £100 million a year, EMI’s Board is considering selling or demerging its recorded music division as part of a massive overhaul. Such a sale would leave the company with its more profitable music publishing arm, which owns the copyright to more than one million songs.
EMI Appoints Sly Bailey – Senior Independent Director
The EMI Group has appointed newspaper executive Sly Bailey as Senior Independent Director, succeeding John Gildersleeve, who recently became the music company’s chairman. The CEO of the U.K.’s largest newspaper publisher, Trinity Mirror, Bailey has been a non-executive director of EMI since 2004. She will now also chair EMI’s remuneration committee. Trinity Mirror has a portfolio of over 500 media brands, including...
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