• Big news out of EMI's Caroline Distribution: All regional sales reps are being let go. The three remaining Los Angeles employees are gone. Their accounts are going to be serviced by EMM reps. (Billboard.biz)

• The value of Canada's music sales fell 35% in Q1 of 2007 (to $68.7 million from $105.6 million) a big increase over the 12% drop last year. Digital music sales make up a mere 6% of the market. (CRIA press release)

• XM Satellite Radio announced its earnings for Q1, a net loss of $122 million on revenues of $264 million. Revenues were up 27% year over year. Subscribers increased to 7.9 million from 6.5 million. (Press release)

• The IFPI announced a "major step forward" in licensing music for streaming across different European countries. (Press release)

• A panel at paidContent's @EconSM conference talked about music and social networking. Not a big surprise that panelists said the musicians cannot rely on MySpace alone. (paidContent)