Napster Inc. on Wednesday provided a disappointing outlook for its online music service and said its subscriber base had fallen 7 percent as it focused on promoting a new free Web site.
[…] “Napster’s still trying to find a working business model, which is bad from an operating standpoint. But we see an increased likelihood the company will consider a sale, especially since management mentioned it on the call,” said Kit Spring, analyst with Stifel Nicolaus & Co Inc.
[…] Napster’s total paid subscriber base as of June 30 was 512,000, including 4,000 university-paid subscriptions. Excluding university, the number of paid subscribers grew 26 percent year-over-year.
I’m sure they’re glad about that, given the behavior of students