"The proposed deal comes just weeks after Universal Music said it planned to shed about 1,350 people from its workforce in response to the record industry's difficult market conditions amid massive online piracy that has pushed CDs sales sharply lower. "
What I love is they take no responsibility for the problem even though the core of this is (1) they gouge on the price of CDs and (2) they have been putting out crap. But hey it is the other guy's fault.