Warner Music Group to Cut 1,000 Jobs

Nearly 20 percent of Warner Music Group’s global work force — or about 1,000 jobs — will be cut following Time Warner’s sale of the company to Edgar Bronfman Jr. on Monday (March 1). Bronfman and an investor group paid $2.6 billion for the company. Warner Bros. Nashville is home to Faith Hill, John Michael Montgomery and Trick Pony. No formal announcements have been made about the roster, but five employees in Nashville exited the company this week.