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Troy music distributor dissolving, cutting 260 jobs | Freep.com | Detroit Free Press (flag)
www.freep.com — Handleman Co. of Troy announced this morning it would exit the music business in North America, resulting in the loss of 260 jobs in Troy and Indianapolis. The music distributor's business model was becoming increasingly outdated as more people download their music. “Our decision to exit the North American music business was difficult but unavoidable,” said Albert A. Koch, president and chief ...

vote down Idolator: Music News, Reviews, And Gossip found this 6/2/2008
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The Handelman Company, which supplied Wal-Mart ... [The Biz]
Idolator: Music News, Reviews, And Gossip — ... America, resulting in 260 job losses in Indianapolis and Troy, Mich. CEO Albert E. Koch chalked the closing up to the ever-softening market for physical music sales, and the fact that the company struggled to reach profitability despite major cost-cutting: "CD music sales have been declining at double-digit rates for several years both industry-wide and at our customers' stores, resulting in a sharp drop-off in our business." Handelman will continue to distribute music in the UK. [Freep.com / ...

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Pollstar — ... Music distributor blames drop in CD sales for getting out of the North American market - Detroit Free Press Shining the spotlight on the often-forgotten rhythm guitarist - ...