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Napster subscribers decline; Company considers sale

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By LC Angell

Contributing Editor
Published: Friday, August 4, 2006
News Categories: Digital Media

Napster said yeterday that it wouldn’t rule out a sale of the company after reporting that the subscriber base for its online music service had fallen 7 percent. “We do not have our heads in the sand regarding an M&A (merger and acquisition) transaction. We continue to receive a lot of interest in the company. We will always carefully weigh any valuation alternative against the opportunity and risk associated with continuing as a standalone company,” Napster CEO Chris Gorog told analysts on a conference call. Napster reported a net loss of $9.8 million for its first fiscal quarter. The company’s total paid subscriber base as of June 30 was 512,000, including 4,000 university-paid subscriptions.

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Comments

21

Josh,

They could always see this, and find out where you live by your IP address which you leave everytime u view the page and leave a comment. lol

Posted by Brad J on August 6, 2006 at 10:16 PM (PDT)

22

4,000 University Subscriptions? I wonder if that refers just to the numbers of universities subscribing… because i know my large state school pays for all 40,000+ of its students to have a Napster account.
Owning two macs and an ipod, of course, i’ve never used it.

Posted by pat on August 14, 2006 at 3:47 PM (PDT)

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