Bertie boss steps down

END OF THE OSTROWSKI ERA: Big happenings in Gutersloh, as the company announced that Bertelsmann ruler Hartmut Ostrowski has stepped down after three and a half years, with current CFO Thomas Rabe becoming the new CEO on Jan. 1. According to the official statement, "the changeover takes place amicably and by mutual consent." It was under Ostrowski watch that Bertie got out of the music biz, selling BMG Songs to UMG and BMG Music to Sony, before doing an about-face and teaming up with KKR to form BMG Rights Management. (10/11a)

BACK TO RUMOR MILL

		UMG AND TIKTOK WORK IT OUT The kerfuffle is in the past. (5/2a) Check It Out Now LUCIAN SOUNDS OFF ON UMG/TIKTOK DEAL A breakdown from the boss (5/2a) Check It Out Now HITS LIST: HANGIN' OUT With extra relish (5/3a) Check It Out Now LIVE NATION POSTS (ANOTHER) RECORD QUARTER More butts in seats than ever before. (5/3a) Check It Out Now A POST-WALLEN AFFAIR A dynamic duo, y'all (5/3a) Check It Out Now
		THE NEW UMG Gosh, we hope there are more press releases. TIKTOK BANNED! Unless the Senate manages to make this whole thing go away, that is. THE NEW HUGE COUNTRY ACT No, not that one. TRUMP'S CAMPAIGN PLAYLIST Now 100% unlicensed!

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Bertie boss steps down

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