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A version of this story first appeared in the Jan. 31 issue of The Hollywood Reporter magazine.

It hasn't been a pretty picture for the record companies the past 15 years. In that time, the U.S. music business has shrunk in half, from revenue of $14.6 billion in 1999 to $7.1 billion in 2012, and that's been reflected in job losses, consolidation of seven music giants into three and a general feeling of malaise that says the industry's glory days are an irretrievable thing of the past. Indeed, the landscape is littered with former executives bemoaning the loss of expense accounts and cocaine- and hooker-fueled days, but not these spry veterans, who have survived this brave new digital world to tell their tales.

PHOTOS: Capitol Records Building, Hollywood's Iconic Tower Gets Transformed

Jerry Greenberg, Atlantic Records president (1974-80), MJJ Music president/COO (1993-2000)

Then: Signed ABBA; connected producer Mutt Lange with AC/DC (the result: Highway to Hell); broke Led Zeppelin on U.S. radio with "Whole Lotta Love"; signed Chic, Sister Sledge and The Trammps.

Now: Founder of Ibiza-based label Pacific Electronic Music; spearheading documentary about his career.

Next: Involved with the Polyphony Foundation, a music school in Nazareth where kids from both Israel and Palestine learn together. "I love music and working with artists. I can still tell a hit when I hear it. I want to find the next Lady Gaga and Justin Timberlake."

What He Misses: "Labels signing artists, developing them and waiting for the money to come later. Record companies don't stick with artists as much as they did back then."

Words of Wisdom: "This is as great a time to be a small, independent label as it was in the '60s."

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Link:
Music Moguls Reunite: 'I Saved My Money. I Didn't Put It Up My Nose' (Video)

IBIZA, Spain, Jan. 22 (UPI) -- Prostitutes on the Spanish resort island of Ibiza can now join a cooperative that provides medical care and allows them to pay taxes and receive state benefits.

The Sealeer Cooperative, the first of its kind in Spain, is organized as a non-profit organization, ThinkSpain reported. Maria Jose Lopez Armesto said it took her two years to get approval for the group.

"Behind every prostitute is a hungry family, usually with children to keep fed and clothed," she said. "Society forces these girls into prostitution because, if they do not have the opportunity to get a normal, everyday job, they have to do something to earn a living."

Women pay 300 euros ($406) to join. The fee is refundable if they stay in the group for four years or for a reason like finding another job or returning to their home country. To join, prostitutes must be at least 18 and not working for a pimp or madam, ThinkSpain reported.

Paying taxes means their prostitution earnings will help them get a state pension when they retire and be eligible for other benefits like maternity pay and sick leave.

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Prostitution cooperative organized on Spanish island of Ibiza

Ann Coulter Wants To Set The Record Straight
Conservative columnist weighs in. Fox Friends http://www.foxnews.com/foxfriends/index.html Fox News http://www.foxnews.com/ Fox News Insider: The Official ...

By: yazakchattiest

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Ann Coulter Wants To Set The Record Straight - Video

Controversial political commentator Ann Coulter appeared on Sean Hannitys self-titled Fox News channel talk show Monday night to sound off on Texas Senator Wendy Davis.

Coulter, who appears frequently on Fox News, jumped at the chance to weigh in on the maelstrom that has surrounded Davis since The Dallas Morning News broke a story suggesting that key facts in Davis presentation of her life story may not be entirely accurate. Coulter told Hannity: This is all I want to talk about all year.

According to Wayne Slater, Davis has made her personal rags to riches story a centerpiece of her campaign to become governor of Texas. Davis political team is talking up the story of how she overcame great hardship to go from a divorced teenage single mother living in a trailer to Harvard graduate and key player in Texas politics.

Slater reveals that Davis was 21 not 19 when she divorced.

It turns out that she actually lived only a few months in her familys trailer before she and her daughter got their own apartment.

And as far as working her way through college? Well, Davis married attorney Jeff Davis, 13 years her senior, during her undergraduate years at Texas Christian University and had another daughter with him. Her husband funded her last two years at TCU and her time at Harvard Law School. He also kept the children with him in Texas while Davis was attending school in Boston.

Coulter didnt hesitate to jump into the fray:

The connotation is that you were supporting a family and raising your kids. She was neither supporting her family nor raising her kids. She married a sugar daddy whom she asked to meet. He supported her, he raised the kids while she went to Harvard law school. I mean, it said that Dallas Morning News article, its the greatest quote Ive ever seen. He says, I quote, Its ironic the day after I paid the last

Hannity finished her statement: I made the last payment and it was the next day she left.

Jeff Davis has defended his ex-wife, however: A lot of what she says is true, he said. When she was 21, it became a little easier for her. The first 21 years were about working one, two and three jobs, trying to get through, raising a kid, driving an old Toyota pickup truck that was the smallest you could find.

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Ann Coulter Sounds Off On Wendy Davis

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By: Dan Moskel

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SEO Training - Live Event - 1/21 - 7:00pm est. - Video