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edgar bronfman jr

Tuesday Business Links

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• British retail chain Woolworths is to stop carrying CD singles outside of one-offs. Because of downloading's impact, only half the chain's stores currently stock CD singles. And, of course, the retailer has launched the obligatory download store that offers music, movies and games.

Bronfman's Contract Extended

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Warner Music Group filed an 8-K with the SEC this morning with details on the company's employment agreement with Edgar Bronfman, Jr., the Chairman of the Board and CEO. As of March 15, Bronfman's contract was extended to March 15, 2013 with one-year extensions beyond that date.

Bronfman Article in New York Times

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Check out this article on Warner Music Group's Edgar Bronfman, Jr. written by the New York Times' Andrew Ross Sorkin. The piece tries to dismiss Bronfman's popular reputation, which Sorkin calls "undeserved." He adds that Bronfman's peer group is having a to go of it these days as well, and that "Bronfman has done a good job running Warner Music: the company is more profitable than it has been in years."

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