Lucian Grainge's End-of-Year Memo to Employees, Fat Possum Opens Vinyl Pressing Plant, and More in This Week's Labels Digest

TOP STORIES Lucian Grainge's End-of-Year Memo to Employees: 'It's No Longer Enough to Outperform'  Lucian Grainge, chairman and CEO of Universal Music Group and one of the most powerful members of the music industry, today sent employees a holiday memo laying out his plans for the following year. Sony Reportedly Considering a Sale of Its Music Publishing Division  Sony Corp. has been considering a sale of its music publishing operation, according to a Bloomberg report on the latest leak of hacked Sony e-mails. Warner Music Group Becomes Founding Partner of YouTube Competitor Interlude  Warner Music has announced a partnership with interactive video startup Interlude, which lets fans choose the outcome of a music video. Fat Possum Opens Its Own Vinyl Pressing Plant to Meet (Its Own) Demand  Indie label Fat Possum launches a likely lucrative new enterprise: a vinyl pressing plant. L.A. Reid Talks A&R Eye, Usher's 'Steel Eyes' and Sean Combs' Work Ethic  Former X Factor mentor and current Epic Records CEO and president L.A. Reid sat down with NewsOne for a short series of interviews about the principals that led to his success, the current state of the industry and black music, and what it takes to succeed as a musician. Warner Music Canada President Steve Kane on His Hall of Fame Induction, Inviting Robert Plant to His Basement  "You want to honor me for doing a job that I absolutely love?" Ahead of his induction into the Canadian Music Industry Hall of Fame next spring, Billboard sat down with Warner Music Canada president Steve Kane about hitting up the record store every Saturday and his 15,000-strong music collection.