Given the choice of “I’ve got good news and I’ve got bad news - which would you like to hear first?” people always want to get that bad news over with, so let’s start there. Nielsen Soundscan reported that music sales had dropped 14% in 2008, and it’s a fact that many big as well as tiny indie retailers have been struggling to survive. Furthermore, indie labels have been shuttering or trimming down as well - Touch and Go records gave the “current state of the economy” as their explanation for ceasing to release new music and for the end of their distribution deals with other labels.
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Government Recalls Cars and Cribs [News Bits]