Donnie Ienner former Sony Music chief sat down with Billboard and discusses his early days in the music business.

Ienner looking back: This was pre-CD and if you want to talk about a depressed business, this ’80, ‘81, it was terrible. I mean it was really bad. The economy was in the dumps, this was pre-CD, again, the whole Atari thing was exploding. There were very similar nuances of today’s world, and so we ended up having to shut down Millennium, at the time. (Billboard)