NEW YORK (Hypebot) – "We will continue to promote Pitbull f/Lil Jon’s ‘The Anthem,’ which goes Top 10 at Rhythm this week. Ying Yang Twin’s ‘Drop’ is #32 hip-hop track on iTunes despite it only being at mix show."
"We have been an agent of change, most notably fighting for respect for independents when most major media and trade outlets minimized their role, and fighting for industry change in the digital arena whether in our breaking ranks and settling with Napster in 2001, or in numerous other initiatives. I am optimistic that the company’s independent spirit, history of innovation and willingness to pioneer new music and new business models are more valuable in this marketplace than ever before and that we will emerge from this reorganization a stronger more vibrant entity."
Gottlieb says the publishing arm is not effected.