Terminal is in your Application folder inside the Utilities folder. Just open the program, copy the info inside the quotes below and paste into the window. Hit enter. Enter your password when that prompt appears; you won't see the actual typing. Hit enter again. After a few seconds, iTunes will be deleted. You can watch your applications to see when it is gone. Then install 12.3.0. When you do that, if you have Genius selected, iTunes will take some time to update that (visible in upper right hand corner of the iTunes window). When that is done, w/ luck, you should have your useable iTunes back again.
This is from other people. Worked for me, anyway.
Download 12.3:
http://www.v3.co.uk/v3-uk/download-review/1957301/apple-itunes-for-mac-1110
Then:
- Open the Terminal
- Run "sudo rm -r /Applications/iTunes.app"
- Re-install iTunes
Also, be aware that when it asks for your password, the password won't be visible as you type it. After you type password, hit enter and iTunes should be deleted.
After I reinstalled 12.3.0.44, things worked as before. Note: I had to restart to my iMac before the version number in Finder matched the actual version number found by looking at "About iTunes" in the menu. Also, I then ran repair disk permissions via OnyX. It showed some problems w/ iTunes permissions, but those may or may not have been relevant to any of this problem.
Good luck and hope this helps.