RIAA Hires New Chief
The Recording Industry Association of America, the trade organization that represents recording artists, labels, manufacturers and distributors, announced yesterday that Mitch Bainwol would replace Hilary Rosen as chairman and CEO of the organization. Bainwol, a former chief of staff to current Senate Majority Leader Bill Frist, will assume his new duty on September 1st. Bainwol has no prior experience working in the music industry and will have his work cut out for him. The recording industry has been mired in a monstrous three-year sales slump, and in late June the RIAA announced that it would be targeting individual computer users… Read more »