New York -- Former Universal Music Group executive Lyor Cohen, the CEO of Island Def Jam Recordings, has been hired away to become chairman and CEO of the new Warner Music Group. Cohen, who is credited with helping to launch and foster the careers of hip-hop artists including the Beastie Boys, Run DMC and Public Enemy, will take on his new position following the closing of the $2.6 billion acquisition of Warner Music Group by a consortium of investors led by Edgar Bronfman, Jr. http://www.hitsdailydouble.com/news/newsPage.cgi?news04864 http://money.cnn.com/2004/01/26/news/companies/warner_music.reut
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