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| Irving Azoff - 2012 |
Azoff, longtime manager for The Eagles and Christina Aguilera, among others, has been a staunch supporter of the radio giant as iHeart attempts to forestall a bankruptcy filing by pursuing an exchange offer with its debtholders. In an 8-K filing, iHeart stated that Azoff’s decision to step down did not arise from any disagreements over the direction of the company.
According to Variety, Azoff had been on the board since September 2010. In 2013, Azoff launched Global Music Rights, an upstart music licensing company that represents a handful of top artists.
In recent months, Azoff has gone to war with the Radio Music License Committee, which negotiates with licensing companies on behalf of the nation’s radio stations. After talks broke down with GMR last fall, the two sides filed competing anti-trust lawsuits against each other, which remain pending in federal court.
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