NYP: EMI Will Be Sold As Single Unit

With rumors swirling about the auction of Warner Music Group, prognosticators have let the upcoming sell of EMI slide to the back-burner.

But today (4/12) the New York Post reports that Citigroup, which took control of EMI in February, plans to sell the company as a whole, instead of selling off separate recording and publishing divisions.

This plan is in line with the wishes of EMI Chief Executive Roger Faxon reports the paper, which also says that EMI’s corporate structure has the recorded music and publishing units so intertwined that they would be difficult to break apart.

A buyer for Warner could be announced as early as this week. And the EMI sale is expected to start when the Warner one closes.