STEVE INSKEEP, host:
NPR business news starts with Warner Music buying and selling.
(Soundbite of music)
INSKEEP: Warner is one of the worlds biggest record labels and its trying to play two melodies at once. Warner is exploring a sale of itself to new owners. Warner is currently owned by private investors who may be looking to cash out. But, at the same time, Warner is exploring the possibility of acquiring another firm, the struggling British music label EMI.
The New York Times first reported these developments. Today, The Wall Street Journal reports that Warner has hired the investment bank Goldman Sachs Group to help find buyers for part, or all of its businesses. Transcript provided by NPR, Copyright NPR.