Economist - Duet in the offing:
"FOR years, EMI and Warner Music, the two smallest recorded-music majors, have been circling each other, talking in private and public about merging. Last year Sony united its music business with Bertelsmann's in a 50/50 joint-venture, creating a firm that rivals Universal Music, the biggest. The next merger will surely be EMI and Warner Music. Both companies, of roughly equal size, are desperate to be the one that takes over the other. The music industry is waiting to see which of them has the nerve to pounce first."
