Judy McGrath To Exit MTV Networks

Judy McGrath To Exit MTV Networks
Viacom has announced that Judy McGrath will resign from her position as chairman and CEO of MTV Networks. McGrath, who began her career as a copywriter at MTV in 1981, was named chairman and CEO in 2004. Following McGrath's departure, MTV executives Doug Herzog, president of MTVN Entertainment Group; Van Toffler, president of MTVN Music & Logo Group; and Cyma Zarghami, president of Nickelodeon and MTVN Kids & Family Group will report directly to Philippe Dauman, president and CEO of MTV parent Viacom. The company says a successor will not be named. (5/5)

Digital Music Sales Up In 2011
According to a recent Nielsen SoundScan report, digital track sales are up 8 percent in 2011 for the period ending May 1, a significant increase compared to a 1 percent overall sales increase in 2010. Digital album sales are up 16 percent during the period compared to 13 percent for the full year in 2010. CD sales are down 9 percent for the period. Overall album sales are down 2 percent compared to a 10 percent decrease in sales at the same point in the year-ago period. (5/5)