Net News search results for: chris gorog
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January 7, 2010
Napster Heads Roll In 'Reorganization'
Long-time NAPSTER CEO CHRIS GOROG and president BRAD DUEA have exited as part of a reorganization at the music streaming service, reports PAIDCONTENT.ORG. Eighteen months ago, the duo helped facilitate the sale of NAPSTER to BEST BUY for $121 million, … more »
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May 19, 2009
NY Times: Can Price Cuts Save Napster?
Will $5 a month work for music subscriptions when $13 a month failed? SAUL HANSELL blogs in THE NEW YORK TIMES that "BEST BUY, which bought the NAPSTER service last fall, is introducing a new version with a great deal more value than its … more »
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September 15, 2008
Best Buy Buys Napster
BEST BUY has announced plans to buy NAPSTER for $121 million in cash. The consumer electronics giant will pay $2.65 per share, nearly double the amount of last FRIDAY's closing price, REUTERS reports. The deal includes NAPSTER's approximately 700,000 … more »
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September 9, 2008
NY Post: Unrest At Napster
A dissident shareholder group's bid to muscle its way onto the board of struggling digital music service NAPSTER is getting a thumbs-down from a pair of leading independent proxy advisers, reports TODAY's NEW YORK POST. NAPSTER yesterday released select … more »
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July 21, 2008
Napster: Prepped For Quick Sale
Like a turkey being prepped for a THANKSGIVING DAY oven, BLOOMBERG reports that NAPSTER is prime for acquisition -- sooner rather than later. It has become takeover bait for hedge funds because its cash on hand exceeds the company's market value. The … more »
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January 7, 2008
Napster To Begin Offering Unprotected mp3s
NAPSTER INC. said SUNDAY it will begin selling music downloads as unprotected mp3 files in the spring, joining other online retailers. The file format change will apply only to single tracks and album purchases, according to a company press release. … more »
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August 3, 2006
Napster Sees Net Loss Narrow, But Subs Down 7%
For its first fiscal quater of '06, NAPSTER reported a net loss of $9.8 million compared with a year-earlier loss of $19.9 million. Revenue rose to $28.1 million from $21 million as the company struggles to find a working business model in the wake of … more »



