Viacom To Sell Famous Music To Sony: Report

Viacom could announce as early as Wednesday the sale of music publishing business Famous Music to Sony/ATV Music Publishing for about $400 million, the WSJ (sub. req.) is reporting based on “people familiar with the situation.” Acquired with Paramount Pictures, Famous Music has never really been a good fit with the rest of Viacom so a sale would make sense — particularly if the proceeds go to an acquisition or acquisitions that would fit.

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