Angel Tarragon
Dawn Dragon
Digital music may be the hot media thing, but consumers still overwhelmingly prefer traditional CDs and radios. A new survey from International Data Corp. released Tuesday finds that while ownership of satellite radios and digital music players is on the rise, older audio formats are still more popular. The study shows 53 percent of consumers own a CD player, while just 6 percent own a digital music player. Another 6 percent have satellite radio, though an additional 12 percent said there's a high likelihood they would buy it within the next year. Four percent of consumers have used a for-pay music download service. Overall, 70 percent of U.S. households spend money monthly on recorded music, with 23 percent spending between $10 and $24.99.