Signs that a major transition was looming for Mobile-based Integrity Media were confirmed Monday, when the company announced that it was selling off divisions in a move that will cut its local work force in half.
The company’s co-founder and CEO, P. Michael Coleman, was somber as he described “a difficult series of decisions” for the Christian music and publishing enterprise.
“What we’ve done is sold the two divisions that were in the recorded music and song-publishing space,” he said.
The deal that will have the greatest local impact is the sale of the Integrity Music division to David C Cook, a Colorado-based nonprofit ministry. Continue reading.