Clint Black Backed Equity Music Closes

Equity Music, the label co-founded by Clint Black, suspended operations earlier this week.The label had been home to Little Big Town, but they moved to Capitol Nashville earlier this year.  In addition to Black, the label's roster also included Laura Bryna, Carolina Rain, Kevin Fowler and new artist Blake Wise. "Our investors tried to find a way to keep the doors open at Equity, but with a struggling industry, an overall decline in discretionary spending by consumers and a total freeze on credit markets, the Board of Directors has been forced to make this difficult decision...We want to wish our wonderful staff and artists all the best in all their future endeavors," said label president Tim Wipperman, who will remain with the company.