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<p>CDs by musicians Eric Clapton, right, and Michael Buble, left, on display at Best Buy in Mountain View, Calif., Friday.</p>

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Warner Music being sold for $1.3B
May 8, 2011 9 p.m.

Warner Music being sold for $1.3B

CD sales suffering a global decline

LOS ANGELES - Warner Music Group Corp., the world's third-largest recording company with such artists as Eric Clapton, Michael Buble and Paramore, is being sold for about $1.3 billion as a global decline in CD sales weighs down the industry.