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Record Labels Say 2002 Another Lousy Year The recording industry's trade association says 2002 amounts to a terrible year for the major labels. According to preliminary estimates, the number of records sold this year may have fallen by 10 percent. That follows a 10-percent decline in 2001 and a seven-percent drop the year before. NPR's Rick Karr reports.

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Record Labels Say 2002 Another Lousy Year

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Record Labels Say 2002 Another Lousy Year

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The recording industry's trade association says 2002 amounts to a terrible year for the major labels. According to preliminary estimates, the number of records sold this year may have fallen by 10 percent. That follows a 10-percent decline in 2001 and a seven-percent drop the year before. NPR's Rick Karr reports.