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THE BIZ SALUTES
JOE SMITH
Celebrating the life of the Toastmaster General (12/5a)
REVENUE CHART: MALONE IS MONEY
Yet another post about Post (12/5a)
YOUR TOP 20 IS BOTH ICY AND POST-TOASTY
Actually, we'd prefer a bowl of oatmeal. (12/5a)
THE HAPPY WARRIOR OF THE RECORD BUSINESS
What a great guy (12/5a)
GRAMMY CHEW: WHO ARE THESE PEOPLE, ANYWAY?
Those who fail to learn from the past are destined to repeat it. (12/5a)
EGGNOG!
Ours is mostly bourbon.
MISTLETOE!
Delicious in salads.
CHESTNUTS!
Ours are roasting, but it could be these slim-fit jeans.
WEED!
An entire Christmas tree made of it. Is what we want for Christmas.
Pub Crawling
LYRIC LIFTS SPIRIT
1/25/19

The newly formed Lyric Capital Group has taken over Spirit Music Group after a recapitalization led by COO Jon Singer, who becomes Chairman of the publishing company. 

In addition to being chairman, Singer will be a Managing Partner of Lyric while Spirit’s Ross Cameron will retain an executive role at Spirit and become a Partner at Lyric. Spirit Chairman David Renzer will be leaving the company.

Music Business Worldwide reported that the capitalization is more than $350m. Pegasus Capital Advisors was Spirit’s previous majority owner.

"There is a powerful shift occurring within the music industry and this new dynamism means that Spirit is especially well-positioned for growth,” says Singer. “We are privileged to have major institutional investors on board, providing us with additional capital to grow.”

The capital raise is expected to allow Spirit, which owns and manages 75,000 copyrights and master recordings ,to leverage the surging interest in music publishing assets.

Among its most notable songwriters and writer/artists are Pete Townshend, Henry Mancini, Doc PomusJames Bay and Alan and Marilyn Bergman.