The staggering cost of LP's is the reason. As the article mentions at the end, more CD's were sold than Vinyl.
The crazy mixed up thing is, the new LP's being released are just a vinyl version of the digital master, i.e. they had to go through a DAC!! Then you her people saying 'Oh, the vinyl sounds so much better'.
Errr, no it doesn't, more like you prefer the EQ curve of Vinyl better.
It does sound better next to any MP3 of course.
Also, alot of the engineers who worked in the vinyl production are gone now, the skills are not there and there are many absolutely awfully poor vinyl pressing out there now, yet masquerading as top quality, top price items.
At least in the 80's, it was a dying format and we could see reduction in product quality they were doing as; the vinyl was almost see-through they made them so thin!!
I defend CDs, they are a good quality sounding media.