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One WMG Board Member Has Better Things To Do

Wmg_2 WMG announced Friday that Jonathan M. Nelson has resigned from its Board of Directors.

Nelson is CEO Providence Equity Partners, a private equity firm focused on media, entertainment, communications and information services investments. A statement released by WMG indicated that he was leaving the board "due to the relative size of Providence’s investment in WMG compared to other portfolio investments he was electing to discontinue his service on WMG's Board of Directors in order to commit additional time to other responsibilities."