| ONE DIRECTION'S 'TAKE ME HOME' DEBUTS AT NO. 1 ON BILLBOARD 200 WITH 2012'S THIRD-BIGGEST SALES WEEK: One Direction scores its second No. 1 album in less than a year with "Take Me Home." The set explodes atop the Billboard 200 chart with 540,000 copies sold in its first week, according to Nielsen SoundScan. It's the third-largest sales week of the year, behind the debuts of Taylor Swift's "Red" and Mumford & Sons' "Babel."
| RIHANNA'S 'DIAMONDS' SHINES AT NO. 1 ON HOT 100: Rihanna's "Diamonds" rises 2-1 and dethrones Maroon 5's "One More Night" (1-2) after a nine-week reign. With her 1 2th Hot 100 topper, Rihanna ties Madonna and the Supremes for the fourth-most leaders in the chart's 54-year history. Only the Beatles, Mariah Carey and Michael Jackson have sent more titles to the top of the Hot 100.
| BUSINESS MATTERS: IF BIG RADIO HAD PANDORA'S ROYALTY RATE, IT WOULD OWE BILLIONS: What if terrestrial radio stations were treated like webcasters and had to pay a royalty similar to the one Pandora pays to SoundExchange for the performance of sound recordings? David Touve, Assistant Professor of Business Administration at Washington and Lee University, estimates that Big Radio would owe nearly $2.5 billion per year.
| EXCLUSIVE: SALAAM REMI HEADING TO SONY MUSIC AS EXECUTIVE VP OF A&R: Sony Music Entertainment is expected to name Salaam Remi as executive VP of A&R/production, according to sources familiar with the situation. In his new role, the Grammy-nominated producer/songwriter will work across all Sony labels. His extensive discography also includes production collaborations with Amy Winehouse, Monica and the Fugees; he recently worked on tracks with Alicia Keys, Miguel and Nas.
MOG FOUNDER DAVID HYMAN STEPPING DOWN AS CEO: David Hyman, the founder of music service Mog, has stepped down abruptly as of the company that he sold earlier this year to Beats, the headphone and tech company whose executive staff includes Interscope's Jimmy Iovine and Luke Wood and rapper/producer Dr. Dre. Sources close to the company said Hyman's departure was effective immediately. Hyman is the former CEO of Gracenote and an MTV exec.
BEST BUY REPORTS 3RD-QUARTER LOSS ON RESTRUCTURING CHARGES, SLUMPING SALES: Struggling Best Buy Co. reported another dismal quarter on Tuesday, recording a third quarter loss and continued sales slump just as the crucial holiday season revs up. The news sent shares down 13 percent yesterday to their lowest level in more than a decade. Meanwhile, co-founder and former chairman Richard Schulze is mulling a bid for the company.
RECORD STORE DAY - BLACK FRIDAY 2012: For the third year, Record Store Day will have a secondary event on Black Friday (aka the day after Thanksgiving 11/23 this year) with exclusive releases for both holiday gift seekers and collectors alike. While not as extensive as Record Store Day proper (third Saturday in April), this year's selections include vinyl reissue of the Fat Boys' first album on a pizza picture disc; a new vinyl reissue of Love's Forever Changes that includes a bonus 7" with an unreleased edit of "Alone Again Or;" a Beach Boys 10" of "Surfin' Surfari" in gatefold sleeve.
ROGER WATERS TO JOIN 'EXONERATED' CAST: Roger Waters will appear in the revival of "The Exonerated," the play about wrongfully convicted survivors of death row, the producers said. Mr. Waters and the actress Kathleen Chalfant will join the rotating cast of the critically acclaimed play for the production's final week at the Culture Project.
New York Times
SONY MUSIC UNLIMITED FOR $1 A MONTH: Sony has announced that PlayStation Plus subscribers will be able to add Music Unlimited Premium membership to their accounts for a limited time at $12 per year and represents a saving of 90 percent based on the regular price of $10 per month. Non-PlayStation Plus members can sign up for a discounted $60 yearly rate instead. A PlayStation Plus account costs $49.99 a year, so buying Plus and Music Unlimited together makes more sense.
ROLLING STONES ENLIST BILL WYMAN AND MICK TAYLOR FOR O2 ARENA CONCERTS: Rolling Stones fans will get a treat at the O2 Arena in London next week, when the band will be joined by two figures from the past. The Stones have confirmed that original bass player Bill Wyman and guitarist Mick Taylor, who played with the band from 1969 to 1974, will perform with them as special guests on Nov. 25 and 29.
HEADLINE OF THE DAY: COLDPLAY: 'OUR NEXT ALBUM TITLE WILL BE PRONOUNCEABLE'