• Chris Morris of The Hollywood Reporter on Tower Records' deep financial problems and its impact on music retail and the experience of its customers. This jumped out: "One confidential source familiar with Tower's balance sheet put the company's debt to Warner Music Group's distributor WEA Corp. at $20 million. The same source said that one sizable independent distributor was owed $2 million." (The Hollywood Reporter)

• CD Baby has ended its business relationship with the Tower Records. (Digital Audio Insider)

• First day sales: Hits predicts Port of Miami by Rick Ross will debut at #1 with sales upward of 200,000. (Hits Rumor Mill)

• This may not amount to a whole lot: EMI Music Publishing has struck a deal with Qtrax that licenses its music catalog for an ad-supported P2P service. (Press Release)

• Top digital album last week? None other than Five for Fighting's Two Lights (Columbia), which sold 15% of its overall total in the digital format. The album debuted at #8 on the album chart. G. Love's Lemonade (Universal) is #39 on the album chart but #3 on the digital album chart.

• A current iTunes promotion, found via Billboard.biz (which requires registation, so no hyperlink will be given) is giving away select digital singles with the purchase of a video. For example, Anti-Flag's "The Press Corpse" single can be purchased for $0.99, or the video for "The Kill (Bury Me)" and the single can be purchased for $1.99. No indication is given as to how long the promotion will last or if more such promotions can be expected.

• Congrats, Kemado Records: Diamond Nights' "The Girl's Attractive" will be used in a worldwide Jaguar advertising campaign. (View the commercial here.) Also, "Destination Diamonds" will be the theme song for the upcoming MTV program "Little Talent Show." The songs are on the album Popsicle.