Word: sales
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...that leads up to her house, the crippled body of an ageless woman seems trapped, imprisoned by the very emptiness of the earth. Manhattan's Museum of Modern Art, which hesitated before buying it in 1948 for $2,200, has repaid its investment 22 times over in the sale of reproductions...
...over illegal file sharing, record companies have quietly adjusted themselves to the reality of downloading. CDs and MP3s are now only at the surface of what they sell; related products such as concert tours, posters, and ringtones generate a significant cut of the total revenue. In 2008, while album sales fell 14 percent, concert ticket sales rose seven percent. And next time someone’s cell phone goes off to the deepening downbeat of “Disturbia,” consider that 20 percent of Rihanna’s revenue comes from the sale of ringtones. This innovative...
...what a death sentence feels like? You can get a pretty good idea over at the Seattle Post Intelligencer. On Jan. 9, Steve Swartz, an executive from Hearst, announced in the newsroom that the company was putting the money-losing newspaper, known locally as the P-I, up for sale for 60 days...
...might expect of any news broken in an actual newsroom, the whole thing is captured on grainy video. One reporter holds a digital recorder; a photographer snaps away. The executives wear shirtsleeves with ties askew. When Swartz, looking not unlike a man condemned, says, "At the end of the sale process, we do not see ourselves publishing the P-I in print," he has to raise his voice to be heard over unanswered phones and garbled bursts from the police radio...
...reporters know that the chances of a sale are slim. "I'd say infinitesimal," says Bill Virgin, one of the paper's business columnists. "It was only the third most significant regional economic news I wrote about that day." Given that such metropolitan papers as the Rocky Mountain News, the San Diego Union Tribune and the Austin American Statesman have not exactly been fending off eager buyers since being put up for sale last year, and given that the P-I lost $14 million last year, it looks unlikely that the publication will last past March, at least...