Looks like the purple one's done it again, dam he soooo smart...PE was so mega..the newspaper starting it's own record label...me thinks, one will buy the new prince CD on a sunday with some milk and bread next year?

Looks like LA and Chi Town papers will be following this trend i bet...

Hot tracks from the Daily Mail's new record label

Paul MacInnes Wednesday December 10 2008

At last, somebody at Associated Newspapers has taken their head out of their secretary's lap and made a brave business move. A bold, visionary decision that will make the owners of the Daily Mail ludicrously rich and the most vibrant, relevant media company in the UK. They have a plan, you see, to launch a record label and …

sorry, hang on …

… a record label? As if belonging to one industry with a death wish wasn't enough, now the Mail wants to get into another! There must be a conspiracy at work. Is it a tax ruse? Are they about to release the collected speeches of Oswald Mosley? Will the mere act of touching a Mail release prove poisonous to a single mother?

It won't take long to find out after the Mail On Sunday – who shocked the world when they gave away Prince's last album free to their readers – launched Mail On Sunday Sounds this week with a version of Holy Night by the ACM gospel choir.

MoS editor Peter Wright, in an interview with Music Week, claims the whole project is "very exciting" and that the label hopes to launch its own acts on the world.

The prospect of an a cappella five-piece comprised exclusively of metric martyrs does set the heart racing, but surely Mail On Sunday Sounds could get happy mileage out of a few more covers? How about …

Our House (is depreciating in value faster than any other on our street)

Blue Suede Shoes (give you cancer)

Last Night an Illegal Immigrant Stole My Wife

Can you think of any more?

http://www.nme.com/news/v...ists/41537

The Times of India launched their own record label, Times Music, YEARS ago (almost a decade) and it's now one of the biggest labels in India. My cousin worked with them when they first started, I'm surprised other countries didn't follow suit back then.
[Edited 12/11/08 2:49am]