Fix Python – How to normalize a NumPy array to within a certain range?

After doing some processing on an audio or image array, it needs to be normalized within a range before it can be written back to a file. This can be done like so:
# Normalize audio channels to between -1.0 and +1.0
audio[:,0] = audio[:,0]/abs(audio[:,0]).max()
audio[:,1] = audio[:,1]/abs(audio[:,1]).max()

# Normalize image to between 0 and 255