Friday, November 7, 2008
EMI: Don’t Worry, We’ve Got Plenty of Money
EMI Music Group PLC, which seems to have been going through a continuous reorg since private equity firm Terra Firma bought it in the summer of 2007, has announced yet another one. But the more important message EMI delivered today was to the company’s investors, who have lent it some $5.8 billion: “Don’t worry! We’ve got plenty of cash!”




