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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!”

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About Peter

Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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