TOURING INDUSTRY RUMORS

THE TOURING INDUSTRY RUMOR MILL IS TURNING:
We know of at least two Clear Channel employees who got laid off today and hear rumors of a 20% accross the board staff reduction at the concert promotion giant…Several published
reports have agency giant ICM up for sale… Rumors abound that an almost-major music agency is being bought by a film and literary agency that has been on a bit of buying spree lately…and another set of rumors have a third large agency shutting it’s Nashville office. At the same time our own Skyline Music (who publish hypebot) is adding a Los Angles outpost.