Can private equity halt EMI’s decline?

Amid the acres of coverage devoted to the 40th anniversary of Sergeant Pepper’s Lonely Hearts Club Band, the most celebrated record in pop history, one irony has been overlooked. The album was considered as ephemeral as any other when it came out, but has grown mightier and mightier; the company that made it, on the other hand, was rightly regarded as one of the giants of British industry back in 1967, but has never looked weaker than it does now.