VNU To Acquire Radio & Records
VNU, the publisher of the music industry bible Billboard, is set to acquire the 33-year-old industry rag Radio & Records. The deal will be finalized August 1.
VNU president Mike Marchesano — he of the “overall growth strategy in meeting the needs of our audiences and marketers and building our portfolio of brands” talk — alerted staffers via this e-mail on Friday:
Memo
To: All Employees
From: Mike Marchesano
Date: 7 July 2006
RE: Acquisition of Radio & Records
I am pleased to announce that VNU has reached an agreement to acquire Radio & Records (R&R), one of the leading news and information companies serving the radio and record industries.
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