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CDNow Sale

NPR
Published July 20, 2000 at 10:00 PM MDT

NPR's Jim Zarroli reports the Internet music site CDNow has been purchased by Germany's Bertelsmann conglomerate. The company is one of the most popular retailing sites on the web. But due to costly advertising campaigns and small profit margins, CDNow has lost more than 200-million dollars since it was created.

Copyright 2000 NPR