Calder Option To Sell Gave Him Valuations At Industry Peak

The Financial Times has more of a business-side perspective of the decision by Clive Calder of Zomba record group to cash in his company to Bertelsmann Music Group. Richard Waters writes, “The particular circumstances of the sale have little to do with the overall health of the music business. But the deal also points to the twin pressures that have left the record companies staggering: in the midst of a punishing cyclical downturn, secular forces have also been at work that have raised doubts about the industry’s future shape.”