HMV Group, the music retailer, has said the strategic review regarding the sale of its live music division HMV Live is “ongoing” as it reports an 11.6% like-for-like sales decline in the 20 weeks to 15 September. Overall sales, including stores closures, fell 14.8%. HMV said it completed the disposal of its Hammersmith Apollo for £32m in the period, enabling it to amend the terms of its banking facility and extend it by a further year to September 2014. Trevor Moore, who replaced Simon FOX as HMV chief executive this month, said: “These numbers reflect the challenging markets in which we operate. However, the like for like decline was less marked towards the end of the period and we should be helped in the remainder of the year by a strong pipeline of new releases in the music, DVD and games markets ahead of Christmas.” For several months the firm has been looking for buyer for its live music division that it is looking to sell to pay down some of its debts. Sony Music, Oakley Capital, the investment vehicle of Time Out magazine owner Peter Dubens; NEC; AEG, owner of the O2 arena, have all reportedly expressed an interest in acquiring the live music division, which includes London venues such as the HMV Forum, the Jazz Cafe, the Garage, and the Borderline.