Here's some more links to solidify the article.
Businessweek Online: "Big Music's Broken Record
MP3s are good for music biz - Forrester
Yhwhsman
Norton Records, Estrus, Gearhead, Sympathy For The Record Industry, and maybe some Sundazed and Bear Family.
The labels may not be household names but there are chart listing artists among them. These labels released artists like The Hives, Mooney Suzuki, and The White Stripes (although MS is the only of those artists I bought). The artists I listed are likely under the RIAA now but they weren't when they were on the small labels (and many more have the potential to run up the charts).
The public isn't buying what the RIAA is selling. Maybe the RIAA should get some better bands under their belt and stop dishing us pablum.