Take our word for it, you don't want to be in the record business right now. As downloading from the Internet gradually replaces browsing record-store aisles, CD sales have continued to fall--15% since 2000. But the flailing industry is trying to get hip to the new beat. A quick look at some recent developments. --By Kate Novack
Slashing CD Prices
Universal Music Group, the industry leader with 31% of album sales, unveiled plans to cut prices of its CDs as much as 30%--to $12.98 at retail for most discs. No competitors have followed suit yet, but they probably will. WHAT TOOK...
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