Masuch was on his way to New York today to negotiate with Warner management about his company's place in a second round of bidding. "The whole BMG management team is going with me and that wouldn't be the case if we were just going over for some shopping," said Masuch.

"I can state that we are in the second round of bidding and are on very friendly terms with the main shareholders. Understandably there is a lot of distortion and ...