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MusicNow shifts management

The online music service, recently acquired by Circuit City, relocates its CEO and a co-founder.

Executive ranks are shifting at MusicNow, the online music service that Circuit City Stores recently purchased. CEO Scott Kauffman will step down but will stay on the company's management board.

Co-founder Gary Cohen will take the company's reins as president. No new CEO will be appointed, since the company is now inside Circuit City's corporate infrastructure, a spokesman said.