Does Downloading affect Music CD Sales?

There is much conjecture on the subject of whether or not file downloading affects CD Music sales. Recently the IFPI has slammed a UK study on the subject stating in part that:

The IFPI has responded swiftly to a new UK music downloading study that "may be misinterpreted as suggesting that illegal file-sharing stimulates rather than reduces legitimate music sales". Illegal file-sharing has an overwhelmingly negative impact on music sales, the organisation stated firmly.

If you want to read more then follow this link to an article on the trade magazine One To One:

You can also complete the IMSTA survey on "Let's talk Piracy" here, you can enter the survey and possibly win a prize.