Sony taps NBC chief for music top spot
Published: Saturday, January 11, 2003 at 6:01 a.m.
Last Modified: Saturday, January 11, 2003 at 12:05 a.m.
NEW YORK - Searching for new ways to manage its struggling music division, Sony made an unconventional choice Friday and tapped NBC's president and chief operating officer to be the new chairman of Sony Music.
Andrew Lack, a veteran newsman with no background in the music industry, is expected to take the label's helm sometime next month. Sony Music is third among the big five labels and has suffered from declining revenues.
Lack, 55, worked at CBS News from 1976 to 1993 before joining NBC News.
He was named president of the entire network in May 2001.
``It is precedent-setting in that in recent times, we have not gone outside the music industry for a head of a music label,'' said Michael Ellis, managing editor of Billboard, the music industry trade magazine.
``It is an acknowledgment that the business model for the record business is broken and needs to be fixed.''
Lack succeeds Tommy Mottola, who announced his departure from Sony Music on Thursday. Mottola plans to start a new label, expected to be backed by Sony.
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