OTHER NEWS - Nov. 20, 1991

Virgin Music Denies Sale Rumor: Virgin Music Group formally denied that it is about to be sold or merged with another company. Recent reports suggested that Virgin might be acquired by London-based Thorn EMI for $550 million. In a statement, Virgin said several “unsolicited offers” for the company had been rejected. Virgin Music’s roster includes Paula Abdul and Janet Jackson. In a related development, EMI announced that it will acquire the remaining 50% of Chrysalis Records Group not already owned by the company for about $30 million plus assumption of debt.