The music industry continues its downward plunge
On Monday, the Dow Jones Industrial Averages dropped more than 250 points to $7,114.78. This is the lowest point since 1997. And the record companies fell with it. Warner Music Group, for example, dropped 9.27% to a value of $1.86. If this trend continues, Warner’s value will be so low as to risk being delisted.
Some analysts think this huge drop is an indication that the bottom may be a lot farther down.
– Rich Pulham