Dividends: Jukebox Blues

Jukeboxes played the tune for generations of American teenagers, who fed them coins to hear Glenn Miller, Frank Sinatra and the Beatles. Those music machines, though, are going the way of the malt shops that housed so many of them. Industry experts say that by the end of the '80s the brightly lit boxes may be only a memory. The number of coin-operated players has already shrunk from more than 500,000 in 1976 to some 320,000.

Inflation and changing life-styles have combined to shatter the jukebox market. The price of a typical machine...

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