Head of MCA Records Quits As Sales Drop
The president of Vivendi Universal’s MCA Records has resigned, becoming the latest casualty of the slumping music industry. Jay Boberg, 44, told MCA employees Thursday that he was stepping down from the post he has held since 1995. He said in a memo to label executives that he leaves a roster of acts that is “an artistic and musical gold mine.” A spokeswoman said Boberg wasn’t available to elaborate. Boberg joined artist manager Miles Copeland in 1979 to found pioneering I.R.S. Records, which was later sold to EMI for an estimated $20 million. He was tapped to head MCA’s publishing… Read more »