I think Blue Note's business model is to make money and to do that in today's music market, vinyl is it. I don't and can't blame Blue Note for the CD market's slow death.
I actually blame the loudness wars and the audiophile market more than anything. Far too many never accepted that a CD can sound better than an LP, no matter what people do to show them this. Once the overly-loud CDs started appearing, it was the foothold these people needed to say, "See! CDs sound like shit," never mind that it was the result of shitty mastering and not the digital medium.
The latest kerfuffle over Mobile Fidelity using hi res DSD files as their masters for LPs showed that this mistaken disdain for all things digital is never going to go away. Even though these LP releases were pretty much universally lauded by everyone who heard them, the dyed-in-the-wool audiophiles are still howling over being fooled and are now claiming that they sound terrible. The emperor has no clothes.