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VNU to Acquire Radio & Records
VNU has reached an agreement to acquire Radio & Records, Inc. (R&R), one of the leading news and information companies serving the US radio and record industries. The deal is expected to close at the beginning of August.
Financial terms of the transaction have not been revealed.
R&R, with headquarters in Los Angeles, offers a broad range of print, Internet and digital services, research, and convention and seminar products providing radio and record industry executives with access to vital information, news, analysis and integrated marketing programmes.
Michael Marchesano, president and CEO of VNU Business Media and Nielsen Entertainment, says the acquisition is 'in line with VNU's strategy to further strengthen its services to the radio and record industries.' He adds: 'With the added resources of VNU, especially our music services, including the Billboard Information Group, Nielsen BDS, and Nielsen SoundScan, R&R will continue to grow as a vibrant brand.' R&R's operations will be integrated into the Billboard Music Group.
Erica Farber, R&R's publisher, will continue her leadership role with R&R and continue to focus on growing the business, says Marchesano. 'Her long-term affiliation with the brand will help R&R continue to deepen its pivotal role in the industry.'
The company is online at www.vnu.com .
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