Atlantic Becomes First Major Label To See Digital Sales Surpass CDs

New York Times:

Under pressure from Attorney General Andrew M. Cuomo of New York, the American International Group said Tuesday that it would pay its chief executive, Edward M. Liddy, only a $1 a year and that it was freezing the salaries and eliminating bonuses for its seven other top executives.

In addition, the troubled insurance company said its next 50 highest-ranked executives would not receive salary increases through 2009.

Read the whole story: New York Times

Comments

[mediamarv]

Wonder how the RIAA nazis will react to this?

Before long, they will be trying to make it illegal to sell your own cds without sending them a fee.

I stopped buying new cds years ago and instead by the "promo copies" sold at most used cd stores, which of course is illegal since those promo copies belong to the label.. but funny how the RIAA never seems to prosecute the radio people.

Frikkin swine.

[JiminNC]

Screw the labels -

[JiminNC]

The story and the headline don't match