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  • Additional Information
    • Subject Terms:
      UNITED States
    • Subject Terms:
      IEG LLC ; CLEAR Channel Communications Inc. 069456655 CCU; RED Light Management Inc.
    • Subject Terms:
      MCGRAW, Tim, 1967-
    • Abstract:
      This article offers news briefs related to the U.S. music industry. The IEG Sponsorship Report predicts that North American companies will invest 1.1 billion dollars to sponsor music venues and festivals in 2009, a 3.8 percent increase over 2008. The media company Clear Channel Radio eliminated 590 employment positions on April 28, 2009, bringing its total of dismissed employees to 2500 for the year. Country musician Tim McGraw has contracted with Coran Capshaw of Red Light Management.