• Borders files for Chapter 11 bankrupcy protection. (AP) They're closing 200 more stores and every one of them sold CD's.
• Pandora IPO Watch: The perils of being Pandora. (Ars) and How Come No One Calls Out Pandora For False Promise Of Profitability? (Techdirt)
• NewBay launches LifeCache Digital Vault music and video cloud service for operators and device makers; Teams-up with LG. (IntoMobile) Even before the MP3tunes lawsuit with EMI is settled, more and more are jumping into this space.

More News:

• Shazam: In Digital Era, Music Spotters Feed a Machine (NY Times) Pieces of the new music discovery machinery start to fit together....
• Jambase connects to Facebook (press release)
• MTV Experiments With TV “Listening” App IntoNow (Mashable)
• Artist services platform Hello Music has partnered with MobBase to offer its artist community savings on personalized iPhone apps.
• The New-Style Independent Record Store. (CynicalMusician)
• How .music Will Save the Industry. (Billboard)
• RealNetworks CEO Bob Kimball: “The Real Player Is Only 10 Percent Of Our Business” (TechCrunch)
• EMI chief Roger Faxon has optimistic view of future of music business. (LATimes)
• 'Bieber Fever' Is a Symptom of What Ails the Music Industry. (HuffPost)
• Want To Play at SXSW? Crowdsourced A&R Site Can Help You Out. (Mashable)
• Jammie Thomas-Rasset: The download martyr. (CityPages)
• Sirius XM Subscriber Base Up 8% in 2010 to 20.2 Million. (DMW)
• Why Esperanza Spalding Matters (Sorry, Justin Bieber Fanatics--She Does) (LAWeekly)
• What is NoiseTrade? (MusicanCoaching) 
• Competing for the Cover of the Rolling Stone. (NYT)
• 10 ways to save on CDs, MP3s and downloads. (Which) 
• Ciara: 'I pray my label will release me' (Guardian)
• Vancouver diva Sarah McLachlan splits from Nettwerk management. (VancouverSun)