Stringer Consolidates Hold Over Sony Corp.

Is Knighthood Next?

These have been tough times for Sony – major losses, a down global economy, less than stellar new product launches and an expensive purchase of the BMG half of the former Sony BMG.

But rather than bring in new blood to revamp the ailing electronic and entertainment giant, the Sony Board Of Directors has consolidated a few divisions and added President to the list of titles that CEO and Chairman Howard Stringer already holds.

Just why this makes sense and how it might impact Sony's family of record labels is unclear.  Read a pdf of the official statement and maybe you can figure out if this all really means… if anything