Time Warner president Richard Parsons has accused record companies of becoming too complacent with their analogue business models, noting that they have been "missing in action" in the digital music race, writes Susan Nunziata.

Parsons made his comments in a keynote address at the Jupiter Plug-In conference in New York last week in which he also foreshadowed the US District Court ruling on the file-sharing service Napster. In his speech he excoriated Napster and other enablers of free digital music ...