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Friday, February 24, 2012

IB tease: Lyor

THOSE WHO DON’T LEARN FROM HISTORY… When Len Blavatnik bought Warner Music last year, practically everyone in the music biz expected that the Russian billionaire would hand the job of running the company to the logical person: the skilled and experienced Lyor Cohen. Instead, Blavatnik chose to bring in Stephen Cooper, a turnaround specialist with no prior experience in the music industry, as CEO and Cohen’s boss. What will Cohen do, and what does the future hold for WMG in the hands of Cooper and Blavatnik? Our industry insider I.B. Bad ponders these questions in his post-Grammy column, filled, as usual, with revelations (see next item). Don’t miss it. (2/24a)

 
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