Last week Columbia Recording Corp.
made the biggest record news in six years: it slashed classical-record prices. Of the money that the U. S. spends for phonograph records, at least 30% goes for classical records, but the volume of classical record sales is only 10% of the annual output. On them the record companies try to turn a profit by a low volume-high price policy. Yet their big business in discs is in the popular 35¢-to-75¢ record field. Record manufacturers have always explained the low volume of classical record sales on the ground that...
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