• Notes from Warner Music's Q2 2008 earnings call: No problem with debt covenants, MySpace Music won't impact fiscal 2008, 360 deals being signed worldwide, imeem deal already worth more than they paid for it. (Alley Insider)

• Wal-Mart and Warner Music Group have come to terms to sell the company's music in MP3 format. (Digital Music News)

• With a 410-11 vote, the House just passed the Prioritizing Resources and Organization for Intellectual Property (PRO IP) Act. (Billboard.biz)

• A New York state judge has allowed one of the four claims -- breach of contract -- by Thomas H. Lee Partners and Bain Capital against six banks to go to trial. The private equity firms sued the banks after they reneged on their pledge to fund a takeover of Clear Channel. (Radio Ink)

• Five months into 2008 and country music album sales are down 15.2% versus an overall market drop of 11.4%. (Music Row)

• XM and Sirius may have a few hurdles the FCC may place in front of them on their way to a merger. Legislators want satellite radio service on a variety of consumer electronics and not just devices made from exclusive licensing arrangements. (BusinessWeek.com)

[music jobs] Director of Content at Dada Entertainment; New York, NY.