Mean Fiddler Does An About Turn on Digital Download Acquisition

In a remarkable development, UK’s loss-making music festival and gig venue business company Mean Fiddler music group has dropped its CEO and abandoned its share placement and acquisition plans less than a week after promoting a new CEO, and announcing the “landmark transaction” to buy a music download business.

It is a messy, developing situtation, and in this follow-up Guardian story, rebel shareholders have blocked plans to hand control of the group to internet entrepreneur Richard Clingen.

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