CDNow cuts most of sales staff
Online music site CDNow laid off most of its sales staff Tuesday and made cuts in other departments as well, according to sources close to the company. This is among the first round of layoffs for the Fort Washington, Pa.-based company since it grappled with near insolvency last summer. German media conglomerate Bertelsmann rescued CDNow last July when it acquired it for $117 million.
Greg Sandoval Former Staff writer
Greg Sandoval covers media and digital entertainment for CNET News. Based in New York, Sandoval is a former reporter for The Washington Post and the Los Angeles Times. E-mail Greg, or follow him on Twitter at @sandoCNET.
Online music site CDNow laid off most of its sales staff Tuesday and made cuts in other departments as well, according to sources close to the company. This is among the first round of layoffs for the Fort Washington, Pa.-based company since it grappled with near insolvency last summer. German media conglomerate Bertelsmann rescued CDNow last July when it it for $117 million.