by Bram Teitelman | Feb 15, 2010 | Bad Deals, Gloom And Doom
According to court documents filed in New York, the chairman of Terra Firma Capital Partners Ltd., owners of EMI Group, proposed to break up the music company in November. Guy Hands proposed splitting the group’s music publishing and recorded music divisions in...
by Bram Teitelman | Feb 4, 2010 | Gloom And Doom, Label Moves
Private equity group Terra Firma might have thought they had a sure thing on their hands when they bought EMI Music (which includes Virgin and Capitol) in 2007. And while parts of EMI, the world’s fourth-largest label, are doing ok now, the future looks a little...
by Bram Teitelman | Dec 15, 2009 | Gloom And Doom
In another blow to terrestrial radio, Citadel Broadcasting, the third largest radio company in the U.S., is set to file for bankruptcy before the end of the year. As a result of the Chapter 11 proceeding, all shareholders would lose their stock in the company. Citadel...
by Bram Teitelman | Nov 30, 2009 | Gloom And Doom
While most of the internet already knows about this, Ronnie James Dio has been diagnosed with stomach cancer. A statement was released last week on Dio’s Web site. “Ronnie has been diagnosed with the early stages of stomach cancer. We are starting...
by Bram Teitelman | Oct 27, 2009 | Gloom And Doom, Media News
It was announced in their just-out October issue and also during the Metal Insider-sponsored CMJ metal panels that following the December 2009 issue, esteemed metal magazine Revolver will be switching to a bimonthly schedule, publishing six times a year. “Times...
by Bram Teitelman | Sep 17, 2009 | Gloom And Doom
On only the second day of their tour with Billy Talent, Florida’s Poison the Well woke up in Detroit to find their van and all of their gear stolen. We’ll let their MySpace do the talking. “So this morning we woke up at our delightful Marriot...