Yes, this is the article I remember (or one very very similar), and yes, they have fabricated the reason for not having the material-obviously Michael is not really to blame, but maybe they used him as an excuse because we are his fans, and we won't blame him anyway.
This still doesn't prove who is to blame for the lack of the material or tour, etc. It could be Branca, McClain, any Jacksons-it could be Quincy or Rod-or somebody we don't even know about. It could be Sony trying to put out the most cost effective package possible.