TheWrap's EMI-Terra recap

TODAY’S READING ASSIGNMENT: Dominic Patten’s succinct but comprehensive overview of the state of EMI, posted on TheWrap.com, is spiced up with some noteworthy takes from industry observers and company staffers alike. Said one financial analyst, “For the last 18 months, the suits are all gone—and EMI is now being run by music people. And they are doing a good job.” As for those high-profile defections, an investment source noted, “Radiohead had already drifted away and Jagger was gone seeking the best price, like he always does. Paul McCartney with his Beatles hat on is great, but as a solo artist, he isn't any great loss.” Patten also credits Terra Firma with tripling EMI’s EBITDA to almost $250 million since Guy Hands bought the company in 2007, the result of cost-cutting and aggressive merchandising. (5/4a)