RealNetworks cuts some staff following drop in Rhapsody subscribers

RealNetworks is making a small 9 percent cut of its music division staff following a drop in subscribers to its Rhapsody music service. The company reported last week that it had lost 50,000 of its 800,000 subscribers over the past three months, mostly due to a rise in the number of credit card defaults brought on by the economic turmoil that impacted credit services in the United States severely. ... [ read the full article ]