TOWER RECORDS TO SELL $13 UNIVERSAL CD'S FOR UNDER $18 Announcement Comes Same Day As Universal Music Group Announces Huge Price Cut On New CDs West Sacramento, CA /DenounceNewswire/ -- 3 September 2003 -- Tower Records, the national record store chain known for its pierced, blue-haired salesclerks and equally scruffy clientele, announced today a plan to aggressively cut its prices for CDs published by the Universal Music Group to under $18. Tower's move comes in response to Universal's same-day announcement that it would lower the list prices of its CDs to under $12.98 in an effort to boost sales that have been stymied by free Internet music downloading services. "Our research shows that the sweet spot is to sell Universal's records below $18," said, Louise Solomon, a Tower Records spokesperson. Historically, large retailers like Tower have sold new CDs at considerably less than the so-called MSRP, or manufacturer suggested retail price. Tower's move signals a reversal of that trend. "We're confident we can sell CDs for under $18 that are widely priced elsewhere at under $13," said Solomon. Solomon declined to comment on the company's widely-reported preparations for bankruptcy proceedings in a West Sacramento court. Read the most recent DENOUNCE article: Tech Billionaires Buy Warner Brothers; Plan to Remake The Matrix Revolutions   Copyright © 1996-2003 Birdrock Ventures. Denounce is a satire website specializing in false press releases that are meant to neither inform nor educate. Your mileage may vary. All Rights Reserved. No redistribution or copying without written permission from Denounce.com. DENOUNCE is a trademark of Birdrock Ventures.