RUMOR MILL
Back to Rumor Mill >
Tuesday, March 6, 2001

MUSICBANK CEO STEPS DOWN

by

Marc Pollack

Downing Forced Out By Old Man Potter After $8,000 Shortfall, Town Rallies, Angel Gets Wings

Michael Downing, President/CEO of online music locker Musicbank, will leave his posts to serve in an untitled role that will focus on partnerships and long-term strategy.

According to numerous published reports Monday (3/5), Downing will remain at the company's helm until a replacement is named.

The troubled netco laid off 29% of its workforce last month (hitsdailydouble.com, 2/26), and this executive shuffle does not bode well for the service, which has yet to launch its long-planned restructured business model.

TAGS: Marc Pollack
 
BACK TO RUMOR MILL
 
TOP 20: TAYLOR'S WORLD
Of course it is. (12/12a)
Check It Out Now
NEAR TRUTHS: A TOUR OF '24 (PART TWO)
I.B.'s independent-spirit awards (12/12a)
Check It Out Now
DANIEL NIGRO:
CRACKING THE CODE
The co-writer-producer of the moment, in his own words (12/12a)
Check It Out Now
REGAL AT RETAIL:
TAYLOR SWIFT
Redefining "royalty" (12/10a)
Check It Out Now
NEAR TRUTHS: A TOUR OF '24 (PART ONE)
The beginning of the end (12/10a)
Check It Out Now
NOW WHAT?
We have no fucking idea.
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
WHO'S BUYING THE DRINKS?
That's what we'd like to know.
 Email

 First Name

 Last Name

 Company

 Country

By clicking submit you are agreeing
to Terms and Conditions