noah | December 31, 2007 11:45 am

As predicted by pretty much everyone, the ringtone business is starting to experience what the suits like to call “negative growth,” and companies that once specialized in ringtones are now looking at business models that involve other ways to personalize cell phones. Lucky for hacky journalists, this news came just in time to get appended to the list of bad things to happen in the music industry during 2007! [NYT]