Friday Morning Business Notes, Links
Universal Music Group is interested in two music publishers. Sources told The FInancial Times the company has had talks with EMI about buying Warner Music's music publishing in the event the former buys the latter. UMG is also prepared to bid for BMG Music Publishing, for which Bertelsmann is currently seeking a buyer. (Financial Times)
A Bridge Ratings surveys shows how MP3s, podcasts, Internet radio and satellite radio have lessened time spent listening to terrestrial radio. (Bridge Ratings, via Digital Music News)
An Ipsos Insight report says one in five Americans over the age of 12 owns a portable music player. One in 20 owns more than one. (Ipsos Insight)
The Record Exchange will close its five remaining stores in North Carolina and Virginia. (The Charlotte Observer)
RIP Johnny Jenkins, guitarist who played with Otis Reading. (Hollywood Reporter)
Music Groups