In what feels like a race to the bottom of the hill, the world's #3 music group, Warners, is pushing hard to be sold before #4 EMI is also on the market to potential buyers. At the same time that Citigroup is busy pouring of EMI's books to ready it for a sale. "The challenge is they are both heading towards a situation where they're going to compete for buyers," said one music industry exec.
