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Levy Steps Down from Vivendi

LEVY ANKLES VIVENDI: Jean-Bernard Lévy has stepped down as chairman of the Management Board for UMG parent company Vivendi following a “divergence of views” on the strategic development of the group. Lévy's boss, CEO Jean-René Fourtou, remains in place, while Jean-François Dubos, Vivendi’s General Counsel, has been appointed Chairman of the Board, which also includes CFO Philippe Capron. Lévy has been a figurehead in the proposed acquisition of EMI by Vivendi subsidiary Universal for $1.9 billion, a buyout which won the Board’s approval in November of last year. Insiders point to the disappointing results of the company's SFR mobile unit, the loss of a $1 billion judgment in a case brought by Liberty Media and a faltering stock price for his exit. (6/28p)

REVENUE CHART:
DOUBLE DIVAS
The song we needed (6/4a)
IMPACTING NOW: THE PROMOTION COALITION
The buddy system in action (6/4a)
IN “BLACK LIKE ME,”
MICKEY GUYTON
NUDGES AMERICA’S CONSCIENCE
Making it real in Music City (6/4a)
A CHROMATIC TOP 20
Bringing joy to a world that desperately needs it (6/4a)
BROWN PUSHES FOR A "BEAUTIFUL" WORLD
Kane is able. (6/4a)
WHAT NEXT?
The biz ponders action after some reflection.
GRAMMY SPECULATION
100% guaranteed to be somewhat accurate, probably.
BLACK MUSIC MONTH
...continues.
TRUMP'S IN THE BUNKER
Just to inspect it, though.
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