Napster Slashing Pricing On Music Subscription Service

Napster, which trails Apple, Amazon and others in the online music business, slashed on Monday the price of its subscription service by nearly 62%, apparently hoping to jumpstart sales.Napster, which was acquired by electronics retailer Best Buy in September 2008, is offering unlimited access to its music-streaming service for $5 a month, which includes five MP3 downloads a month. The company, which has a library of more than 7 million songs, had offered the service for $13 a month.

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