Whether you liked him or not, Lou Reed was as influential to modern day music as The Beatles or any other musician. It has been announced that Lou Reed died in Long Island from as-yet-unknown causes, but was believed to be a result from the liver transplant he had back in May this year.
Reed was front-man of legendary rock avante garde rock band the Velvet Underground, while they weren’t commercially successful, they did influence a lot of people in rock music to try new things. I guess you could say most of the people who bought Velvet Underground albums probably started bands of their own (album sales were in the low thousands).
Lou Reed with be greatly missed by all who appreciate rock for what it is today.