Recorded-music industry belts out an improved year; while sales climbed, effects of massive consolidation provoke concern

Article Abstract:

While everyone watches to see what the fallout will be in addition to 3,100 lost jobs from Seagram's acquisition of PolyGram NV, the industry seems to be holding its own, but especially Sony Music. Sony commands 17.4% of the market as of 12/13/98, and Warner Music is a very close second with 17.3%. R&B is the far and away favorite genre with sales of 146.4 million albums. Rap has gained respect in recent years and sold 73.7 million albums to country's 64.5 million.

Sales & consumption, Entertainers & entertainment groups, Recorded Music Producers, Record Production, Statistics, Abstract, Music producers (Persons), Sound recording industry, Recording industry, Sound recordings

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Meigher Communications hits turbulence

Article Abstract:

Meigher Communications has been experiencing troubles that show the difficult nature of competing with major media firms. Meigher is an upstart magazine publisher that was launched in 1994 by magazine executive Chris Meigher. Major officials have departed from Meigher as some of its publications have failed to reach their forecasted circulation rate bases for advertisers during the first-half of 1998.

Comment:

Meigher Communications experiencing troubles that show the difficult nature of competing with major media firms

Strategy & planning, Media Planning/Goals, Periodicals, Periodical Publishers, Periodical publishing, Article, Meigher Communications L.P.

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