AS WE SEE IT
THIS ISSUE: You can lead a gift horse to water, but you can’t look him in the mouth. In the 1980s, the CD nearly pushed the LP to extinction. Nearly. For all the claims of “Perfect Sound Forever,” the main thing offered by the CD was convenience. Then, in the mid-1990s, the MP3 and the internet made it easy to extract and distribute the information encoded on a CD. Secret websites raced to be the first to distribute free MP3s of new recordings, sometimes even before they were released. This went on for years, undermining record-company profits, before Napster came along and gave the record industry a high-value lawsuit target: no more suing widows and small children. In 2001, Napster was shut down. A few years later, iTunes legitimized (and monetized) marginal-quality music…