A Techie Provides His View Of The State If The Music Industry
According to Gene Koprowski of Tech World News "digital downloads have 
replaced the single and iPods are the new turntables". For a somewhat interesting if narrow perspective of the music industry through a techie’s eyes check it out.
"…because of digital downloading technology and the Internet, the single is making a smashing comeback. For example, a wacky song called "Laffy Taffy" by the Atlanta rap group D4L was first thought to be a novelty song, and nothing more, by music producers.
It turns out, however, that the song has been downloaded — for a fee — more than 700,000 times from iTunes, Yahoo Music and other online music stores…"
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The only thing in his article I’d take issue with is this:
“Overall, albums accounted for about 62 percent of all U.S. music sales, and digital singles attributed 35 percent to the industry’s figures, according to Nielsen SoundScan.”
One could argue that albums contain around 10x more music than a one song single. (Based on a 10 song CD)
Also this has no bearing on dollar value, as albums retail for much higher price.