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"Tonos is one of the few privately funded consumer Internet companies that has not only survived the market crash, but also has been successful in building a business model and revenue stream that harnesses the power of the Internet."

TONOS CEO IS GONE-OS

Farber Leaves Music-Community Netco,
Or Is It Netcos?
Matt Farber will step down as President/CEO of online music-services site Tonos as soon as a suitable replacement can be appointed, it was announced today.

Farber then plans to pursue other opportunities, like not being at Tonos. He plans to do this in New York.

Okay, that's it for facts. Here's the part where people say nice things via their publicists.

"Matt and I have enjoyed a great collaborative relationship over the past 14 months," said Tonos co-founder Carole Bayer Sager, "and he has accomplished a tremendous amount in difficult market conditions. I appreciate his willingness to remain on board as we look for a new CEO to begin the next chapter for Tonos."

"Tonos is one of the few privately funded consumer Internet companies that has not only survived the market crash," reads a statement from Farber, "but also has been successful in building a business model and revenue stream that harnesses the power of the Internet. I remain a huge fan of Carole and her extraordinary vision, and firmly believe that Tonos will continue to grow and prosper."

In a related story, Tonos Board of Directors head Bob Daly, CEO of the L.A. Dodgers, is also trying to unload Gary Sheffield.

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