The good news: Two of music’s biggest acts helped slow the industry’s sales slump last quarter. The bad news: It’s still slumping. And the Fab Four and MJ are probably out of tricks.
Earlier this year, an online publishing trade group promised to get its members to start running new, bigger, harder-to-ignore ads by July. So here they are: The Online Publishers Association says 37 sites, including the New York Times, The Wall Street Journal and CNN.com, will start selling the plus-sized ads this week. Now we’ll see if they work.
John Partilla, who oversaw “cross-platform sales” at Time Warner (TWX), is leaving the media conglomerate to take a similar post at radio and billboard giant Clear Channel. Partilla has been at Time Warner since 2004; prior to that, he’d worked for various ad agencies and had founded WPP’s Brand Buzz unit.
The people who run the Virgin Megastore chain have already announced plans to close their Times Square outpost, which is the highest-volume music store in the U.S. So news that they’re shuttering even more of their stores isn’t shocking. Just telling.
The most popular record store in the U.S. is about to call it quits. When will other retailers give up selling music, too?
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider.
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
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