MP3 searches for profits; Listen.com cuts staff

 

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MP3.com unveils a new initiative to join retailers, music labels, music players, and hardware and software tools, while online music directory Listen.com cuts a quarter of its staff.

MP3.com tunes up online music plan With its ear attuned to the sound of money, the digital music giant unveils a new initiative to harmonize retailers, labels, music players, and hardware and software tools. Listen.com cuts 25 percent of staff The online music directory lays off 42 employees, becoming the latest casualty of financial woes in the Net music world. Napster, Bertelsmann draw indie label to new service The companies attract their first ally in their attempt to create a subscription-based version of Napster's controversial music-swapping service.