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March 26, 2007

• Muzak reported a 3.0% increase in fourth quarter revenue and a 0.7% increase in annual revenues. Net losses improved to $39.2 million from $48.6 million. CEO Stephen Villa called the turnaround a "dramatic improvement." (Press release)

Pump Audio and Snocap have entered into a client-sharing agreement. (Digital Music News)

• The only places in Greenwich, CT where you can find a CD is the public library and Starbucks. (Greenwich Time)

• The lesson here is, Music fans shouldn't live in Greenwich. In Seattle, Silver Platters is showing the CD is still a viable format. The indie retailer recently added 42,000 square feet. (Seattle Times)

• San Francisco area indie retailers are surviving in their respective niches. Mod Lang moved to El Cerrito and has found it "liberating" to no longer cater to university students. Aquarius Records uses its exhaustive staff reviews to attract sales. Amoeba is Amoeba. (San Francisco Chronicle)

• In England, Rough Trade is expected to soon open Britain's biggest music-only store -- a 5,000 square foot store in London's East End that will "reflect the public appetite for exciting new music." (The Independent)

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Posted by Glenn at 9:00 AM | | | Brick-And-Mortor Retail | Earnings Releases | Snocap