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Beastie Boys News

Record Label EMI Announces Changes, Up to 2000 Jobs Cut

By Rich King on January 14, 2008

Chris Martin of Coldplay picture

LONDON — EMI, which was taken over by a private equity firm last year, announced Tuesday it would cut about a third of the company's jobs in a restructuring plan aimed at reassuring its restless artists, countering plummeting CD revenue and saving $400 million a year.