A comprehensive story on the relatively unsung players in digital media: Audible and Napster( fka Roxio), as an investment choice (compared to say Apple and RealNetworks). “One is a differentiated product, a subscription-based model [Audible] that has scale … and is not facing a lot of intense competition,” said Steven Frankel, an analyst with Adams Harkness…”The other is facing intense competition in a business where you have to spend a ton of money to get the consumers…”One company is generating cash and profitable, and another is unprofitable,” Frankel added.
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