Richie Finestra considers selling his struggling record company; Richie takes a detour to an unplanned reunion with Lester Grimes; Richie orders his A&R department to find new acts; Richie jeopardizes his relationships with his wife and children.
Richie delivers a bombshell that shocks prospective buyers and his partners; Devon ponders her relationship; Zak considers changing his alibi for a recent injury; Richie decides to visit his estranged mentor.
Richie is embarrassed at a record producers' banquet; a junior A&R rep courts Alice Cooper; Devon tries to raise funds to renovate a Greenwich barn; Richie approaches Lester about releasing some of his old blues demos.
Richie attends marriage counseling with Devon; Richie courts a funk superstar; Zak and Scott consider their futures in the aftermath of the lost deal with German Polygram; Kip and the Nasty Bits enlist a new manager.
Richie visits a relative; Devon plays the vixen at dinner with Richie, Hannibal and Cece; Kip faces a dilemma; Clark gets a new job; Richie is inspired to name his new label.
Devon seeks refuge with old friends at the Chelsea Hotel; Richie falls into a deeper well of drugs and depravity; Kip tries to recruit a new lead guitarist for the Nasty Bits; Zak allows his emotions to surface.
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