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Bertelsmann sales rise 2.3%

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German media giant Bertelsmann announced on Thursday that its sales reached 11.7 billion marks ($6.5 billion) in the second half of 1997, an increase of 2.3% over the same period of the previous year.

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EMI high on offer

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EMI Group confirmed Thursday it had been approached about a possible takeover offer, believed to have come from Universal Studios' parent Seagram Co., although the music giant would not confirm the…

Mottola now CEO at Sony

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Sony Music Entertainment has upped Thomas D. Mottola to CEO, a promotion that recognizes Mottola's successful efforts to elevate Sony from the middle of the pack, with single-digit market shares, to…

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