RUMOR MILL
Monday, May 2, 2011
Bank of America Getting Cold Feet
COLD FEET: Ron Burkle, who has reportedly pulled out, and Len Blavatnik, who is getting antsy (see below), aren't the only ones having second thoughts about Warner Music Group's $3 billion-plus price tag. The New York Times notes that Bank of America is pulling its financing for various bidders, citing issues with the price and broader music industry prospects. It remains unclear which groups were tapping BoA funds, or what the pullback entails, but it can't be a good sign moving forward, with WMG reportedly carrying debt upwards of $2 billion (5/2p)
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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JAMES KING: THE HITS INTERVIEW (PART ONE)rumor mail
