"What I've learned is that life is a balance between idealism and realism," says Hook. "One of the great things about education is that it should stop you making mistakes - and I have made a lot of mistakes."
As a mentor to students, he wants them to benefit from his own experience of how not to manage the business - with record labels and night clubs, such as Factory and the Hacienda. "The way that Factory worked, it was full of very creative people who never looked after business - and that's why all those businesses crashed. They were based on very idealistic ideas, very creative, very naive. They only rumbled on because Joy Division and New Order's success paid for all our mistakes."
Traffic Report - An emergency exit plan put in place following traffic chaos at the start of the Isle of Wight festival has been hailed a success by local agencies. Stuart Love from the Isle of Wight Council said its efforts had been "successful" and transport terminals had been "operating well".
Extra police officers and more than 100 four-wheel drive vehicles were drafted in to help drivers to leave. Organisers and the council have promised "lessons will be learnt" following the arrival problems. Many festival-goers' arriving on Thursday had to sleep in their cars when the site became flooded and inaccessible with mud. The queues caused ferry companies to suspend their services and about 600 people were stranded on ferries on the Solent as the cars could not disembark because of backed-up traffic on the island.
Festival organiser John Giddings apologised to fans for the problems. "I hope that I have made up for it by providing one of the best weekends of music ever," he said.
Twittering - A reunited Blur are to debut two new songs on Twitter.The band will play the new tracks, which have not been performed in public, in a live web stream next week.The performance on Monday comes ahead of their appearance at London's Hyde Park in August, in a show to mark the close of the Olympics. The band will play Under The Westway and The Puritan from a secret location in the UK. The songs will later be available to download and a limited edition vinyl 7in single will be released by Parlophone on 6 August.
Off Broadway - Whoopi Goldberg's Sister Act is to end its Broadway run at the end of August, following 16-months on the New York stage. The Tony-award nominated musical is an adaptation of the original 1992 film, starring Whoopi Goldberg as a singer who goes into hiding in a convent. It premiered at the Broadway Theatre in March 2011 after two years in London. Producers said it will close on 26 August after 561 performances, before going on tour across the US.
(Jim Evans)
