U.S. Album Sales Fell 9.5% in 2007

From The New York Times - Album sales in the United States plunged 9.5 percent last year from 2006, as the recording industry had another weak year despite a 45 percent surge in the sale of digital tracks, according to figures released Thursday.

A total of 500.5 million albums in the form of CDs, cassettes, LPs and other formats were purchased last year, down 15 percent from the unit total for 2006, said Nielsen SoundScan, which tracks point-of-purchase sales.

The decline in album sales drops to 9.5 percent when sales of digital singles are counted as 10-track equivalent albums. | Read full article