Wednesday, August 19, 2009

Newspaper libels innocent banker

It would be nice if the newspapers were to treat citizens as being innocent until proven guilty. But they don't, even after acquittal. Consider today's Si Valley newspaper story:
Prosecutors could also try to cut a deal with Reyes, as they did in another high-profile Silicon Valley prosecution involving Frank Quattrone, the powerhouse investment banker who went through two trials and an appeal before the government abandoned its obstruction of justice case against him. The Quattrone case was unrelated to backdating.
This implies that Quattrone pled guilty to a lesser crime. But he never admitted wrongdoing, and he was never found guilty of anything. This newspaper knows this -- they probably published 200 stories about him during his trials, and nearly all suggested that he was some sort of criminal. I hope that he demands a correction.

Meanwhile, the same paper says:
Digital music sales catching up to CDs

With digital music sales increasing 15 percent to 20 percent a year — and CD sales dropping at an equal pace — purchasing tunes on discs is quickly becoming a thing of the past.

Next year will be a tipping point, said Russ Crupnick, NPD vice president of entertainment industry analysis. "It will be a dead heat" between digital and CD sales, he said.

The speed with which digital sales have grown — they made up just 20 percent of music sales two years ago — have many people assuming CDs died long ago.
No, all music CDs contains digital music. Every CD sale is a digital music sale.

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