Warner Music exec sells shares
From Times Wire Services
Warner Music Group Corp.’s Lyor Cohen, head of the domestic record business, said he sold $6.76 million of his shares in the company, citing tax and estate planning.
Cohen sold 800,000 shares at $8.45 each, according to a regulatory filing. He continues to hold 2.62 million shares.
The sale coincides with Cohen’s June purchase of a tear-down estate in the Hamptons for $6.8 million, reported in the New York Post.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
