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February 29, 2008

CD becomes history as Downloads increase


According to Michelle Quinn in Los Angeles times music downloads are on the increase resulting to CD sales going down. Going to the mall to buy music may no longer be a rite of passage for adolescents. For the first time last year, nearly half of all teenagers bought no compact discs, a dramatic increase from 2006, when 38% of teens shunned such purchases, according to a new report released Tuesday.
The illegal sharing of music online continued to soar in 2007, but there was one sign of hope that legal downloading was picking up steam. In the last year, Apple Inc.’s iTunes store, which sells only digital downloads, jumped ahead of Best Buy Co. to become the No. 2 U.S. music seller, trailing Wal-Mart Stores Inc.

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