Flom Rumors Fly

The rumors are flying regarding the future of just-fired Atlantic topper Jason Flom.  Hits Daily Double reports that, "…Initially, the smart money was on a reunion with Doug Morris at UMG, with the mentor enabling the protégé to create a sort of Lava II. But Flom will have two other options: EMI Music toppers Alain Levy and David Munns are very interested, and Sony BMG topper Andy Lack  has reportedly sent out feelers as well. EMI consultant Roger Ames is another big Flom fan, as he’s demonstrated.  Ames’ vision as then-head of WMG involved merging Elektra and Atlantic and putting Flom in charge of the combined operation. Ames believed he could manage Flom, maximizing his A&R skills while minimizing his administrative, marketing and promotion deficiencies…"

Recently watching WMG’s stock has become an industry insider’s sport. Will the Flom firing effect the stock?  Are insiders puffing up the price in anticipation of a possible sale to EMI?  Does Wall Street still care at all?

WMG stock was flat just before today’s open at $17.84 in after hours trading. You can track it on the YahooFinance WMG page here…or you can watch paint dry….