Shawn Fanning's Snocap lays off 60 percent of workforce
 

*Source: News Blog (News.com) (http://www.news.com/8301-10784_3-9796327-7.html)*
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Snocap, the music-licensing company best known for being the follow-up act of Napster founder Shawn Fanning, has cut its staff by 60 percent, a spokeswoman for the company said Thursday evening.

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