Apple is working on a new plan to save the album, according to a report taking the Web by storm this week. The story, published Monday by the Financial Times, describes a deal involving Apple and four major record labels. It cites "people familiar with the situation" as having provided the information.

Apple and Digital Album Sales

Apple's motivation for such a program would be obvious: Record companies stand to make far more money from full album sales than from single track purchases. Right now, in the era of 99-cent song purchases, people tend to snatch up individual tracks instead of complete collections.

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