Music GroupsBertelsmann: Income Rises, Loan Papers Readied
Bertlelsmann, the owner of half of Sony BMG, had a first quarter profit that nearly doubled last year's figure. Earnings were $64.5 million. Last year's first quarter was hampered by restructuring charges releated to BMG's merger with Sony Music.
Also, the Mohn family, the owners of 74.9% of Bertelsmann, are preparing to take out a loan to buy back the shares owned by Belgian tycoon Albert Frere.
