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Warner to contest ruling against recordings merger

Warner Communications said it planned to contest in court Tuesdays's Federal Trade Commission decision blocking a joint venture with Polygram Records to merge their recorded-music businesses.

Warner is the second-largest record distributor in the United States, while Polygram, which is jointly owned by Philips of the Netherlands and Siemens of West Germany, is the sixth largest.

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The FTC said the proposed joint venture might create a monopoly in the prerecorded-music market. Warner said the decision failed to recognize the basic problems facing the record industry.

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