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Sat, Mar 22, 2003 - Page 11　News List

Music companies losing

LOW SALES Pirates, file sharing and a fall in consumer spending mean that music sales this year will probably decline to their lowest level in more than a decade

BLOOMBERG , LONDON

The music industry boomed in the late 1980s and early 1990s after the introduction of CDs led consumers to buy music they already owned on tapes or records. Now, record companies are battling to stem a slide in revenue.

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