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WEA buying out Radar
Music Week
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WEA'S 50-50 partnership with Radar Records which has developed hit acts Elvis Costello and Nick Lowe appears to be floundering and the major is likely to take over the label. A statement made jointly by both sides announces that Radar directors Andrew Lauder and Martin Davis are "involved in comprehensive negotiations with a view to WEA acquiring the total equity in Radar Records." These negotiations are not expected to be completed for a few weeks and a further statement is promised then. There has been industry speculation that Radar may have financial difficulties and WEA's reluctance to put more money into the company is suggested as a factor which may have brought about the end of Radar's independence.
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Music Week, November 3, 1979
Music Week reports WEA is buying out Radar Records.
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Clipping.
Cover.
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