Cds don't add any value over digital. If its cheaper and easier...

Cds don't add any value over digital. If its cheaper and easier to carry around music on your phone or ipod why would you bother buying cds? When I was in the UK at the beginning of the year I noticed a few record stores that were all always filled with people (make of that what you will). Current government is anti technology and I don't see netflix gaining many users from regional homes that are stuck on adsl. My partner still watches free to air and we have the NBN and hulu setup. Free to air channels might be slowly losing dominance in metropolitan areas but there is still plenty of time to adapt.

Recent financial statements tell me that PRT is doing better than its peers yet it is still being priced for failure (about 5x ebitda). If the reach rule is changed then PRT would be my most logical candidate for a takeover/merger (but whether or not that happens is anyones guess). Maybe someone that works in the industry can chime in?