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Schmidt-Holtz Out by March

AUF WIEDERSEHEN? Sony Music Entertainment CEO Rolf Schmidt-Holtz has taken a 10% interest in European Internet TV start-up TeVeo, timed for when his contract runs out at the end of March. It has been widely reported that Schmidt-Holtz will step down from his post at that point, clearing the way for UMG Chairman Doug Morris to take the job...if Vivendi will allow him to split before his contract runs out at the end of the year. See the full news story here for more details.  (1/18a)

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