Ted Gioia: Is old music killing new music?

"Old songs now represent 70 percent of the U.S. music market... But the news gets worse: The new-music market is actually shrinking. All the growth in the market is coming from old songs... Those who make a living from new music—especially that endangered species known as the working musician—should look at these figures with fear and trembling" - music writer Ted Gioia writes about the status of new music in the Atlantic.