Sony, Warner in radio business. (SW Networks) (Brief Article)

At a time when the radio business is undergoing a dynamic resurgence, the two largest music groups in the world--Sony and Warner Bros.--are forming a joint venture to develop and distribute radio networks and syndicated programs. Company sources confirmed the plans but said that no details will be available until the deal is signed. That's expected to occur shortly. The new venture, SW Networks, will be run by Sony's Susan Solomon and will create a slate of music, talk and drive programs for radio broadcasters and digital audio services. The news was received enthusiastically by radio industry executives. "It's great to have two …