CDNow, Columbia House name Scott Flanders chief
NEW YORK, Sept 22 (Reuters) - Online music shop CDNow Inc. (Nasdaq:CDNW - news) and Columbia House, the direct marketing music company with which it plans to merge, on Wednesday named Scott Flanders as chairman and chief executive of the combined company.
Flanders will ''lead the planned integration'' of CDNow and Columbia House, a joint venture between Sony Corp. (NYSE:SNE - news) and Time Warner Inc. (NYSE:TWX - news), and will assume the top slot of the combined company when the merger is completed, the company said in a statement.
CDNow and Columbia announced their merger in July. It will result in a public company that will be 37 percent held by Sony and 37 percent by Time Warner, with CDNow shareholders owning the remaining 26 percent.
Flanders was previously chairman and chief executive of Telestreet.com Inc., an online vendor of wireless products and services, and president of Macmillan Publishing USA, the computer and reference publisher. |
