Perhaps. I have heard they also master differently for vinyl since it can't provide the same dynamic, frequency, or stereo range as digital. Some listeners find the result more appealing.
Web distribution (iTunes/etc.) files come from running the CD master through an AAC/MP3/etc. converter which does data compression only. But a 256Kbps/16bit/44.1KHz AAC (like you'd get from iTunes) is a lot higher quality than vinyl.
Data compression doesn’t make much sense here, because you usually use uncompressed audiofiles anywhere unless it goes to the web.