Sep 26 2001

Napster’s tab: $100 million and climbing

  • Written by dubstylee
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News.com is reporting that Napster has been a bad monkey of late, spending much of parent company BMG’s not-so-hard earned millions. “That money, sources close to both companies say, is coming from Bertelsmann’s pockets. Add to that the near-$60 million original loan the media company gave Napster last year, as well as a second loan “in the $7 million to $12 million range” extended to the company in midsummer, sources say, and Bertelsmann’s outlays well exceed the century mark.” *sigh*

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