Distressed Carver Corporation announced August 31 that founder Bob Carver has signed a letter of intent to return as chairman and CEO of the company he founded 20 years ago. The letter also spells out conditions for a possible merger of Carver and Sunfire Corporation as early as 18 months from now. Sunfire, manufacturer of the highly regarded Sunfire power amplifiers, is Bob Carver's privately held company.
It wasn't easy building the perfect audio system---endless hours spent choosing synergistic components, and working that impossible room to its greatest advantage. Why not share the struggle, the rewards, and the knowledge gained by sending information about your audio environment to us here at Stereophile?
Several weeks ago, we reported on the revival of McCormack Audio by Bill Conrad and Lew Johnson, who purchased the company's assets at an auction in Southern California. This past week, McCormack Audio has announced that one of the original co-founders, Steve McCormack, has rejoined the company as Director of Research and Development. McCormack had worked at the company from its inception in 1982 until 1996.
Recordable CD machines are nothing new these days, especially those aimed at the PC market. Those machines that find their way into Desktop PCs can end up doing everything from backing up corporate financial data to mastering CD-ROM titles. Many are used for recording music CDs as well, and so a new CD-Recorder from Smart and Friendly has a couple of features thrown in just to excite the audio folk.
In anticipation of the upcoming 1.0 DVD-Audio specification (see previous article), Sonic Solutions and Warner Music Group wasted no time in announcing their intent to collaborate in creating new multichannel high-density recordings to showcase the new format. Warner was one of the first major labels to deliver music via CD, and Warner's video division has never been shy in their support of Open-DVD for video. So it comes as no surprise that they're one of the first major music houses out of the gate for the audio version of DVD.
A few years ago, when media pundits began discussing the possible ramifications of 500 channels of television, the concept of "narrowcasting" quickly became the buzzword du jour. The idea was that programming in the future would be aimed at increasingly better-defined markets. Rather than an all-sports channel, an astute broadcaster would operate multiple channels devoted to individual sports: an all-basketball channel, for example, or round-the-clock motor sports. Advertising tailored for a tightly defined market might prove more efficient than its shotgun-effect equivalent.
Some optimists in Washington, on Wall Street, and elsewhere predicted that the Asian economic crisis wouldn't reach the United States. But in late August, the financial flu infecting that part of the world, and the ongoing monetary instability in Russia, finally affected North America. As of Friday, August 28th, the Dow Jones Industrial Average was hovering just above 8000, down from a record high of 9337.97 on July 17th. The market decline has affected the whole economy---traditional industries as well as hot-ticket ventures like Internet stocks.
Looks like it might be a while before a profitable formula jells for selling music over the Internet. News this week indicates that one of the largest music retailers, Tower Records, is finally ready to challenge the market, while online distribution pioneer N2K will be scaling back operations until things steady a bit.
The latest music-piracy statistics have just been released by the RIAA, bringing to light several new wrinkles in the ongoing struggle to protect the owners of music copyrights from those who illegally copy and sell protected works. Released August 21, the report details the new problems brought about by CD-R technology and MP3 files distributed via the web.
The Federal Communications Commission is fighting an epidemic called "microradio." The agency has closed 250 unlicensed stations in the past year, most of them low-powered urban pip-squeaks with less than 100W of power and broadcast radii of 10 miles or less. The typical microradio station offers an off-center perspective on local, national, and world events to a listenership of a few hundred people, and loses money in the process.
In June, while the Recording Industry Association of America was collecting fat settlements from unauthorized CD compilers, its Canadian counterpart was busy shutting down Purple Dot, a custom-disc operation in Calgary, Alberta. The Canadian Recording Industry Association e-mailed a cease-and-desist order to 18-year-old Robert Clark, owner and operator of Purple Dot, which had been advertising on the Internet in the Yahoo! directory.
Up from the deep: Torrance, CA-based Wherehouse Entertainment announced last week that it will purchase Blockbuster Music from Viacom Inc. for $115 million. The merged operation will have 598 stores throughout North America, second only to Minnesota-based Musicland. The deal comes at the end of a prolonged slump for the music industry, one that was particularly hard for Blockbuster.
As with past HI-FI Shows, we asked visitors to HI-FI '98 to vote for the room that offered what they thought to be the best sound. The ballot in the Show Guide asked visitors to list the best, second-best, third-best, and worst sounds, for which I allocated 3 points, 2 points, 1 point, and -1 point, respectively. Any exhibitor that received more than 0.7% of the total votes cast is listed in the Table. I've tried to include both the exhibitors and the brands demonstrated, as listed in the Show Guide and in our report text in the September issue of the paper Stereophile. My apologies if I've left anyone out.
Enhanced Compact Discs (ECDs) are one of a host of hybrids and mutations popping up in the garden of digital infotainment. Many ECDs have added biographical text, still pictures, short video clips, and garish graphics to bulk up the content of basic music CDs. Others provide links to fan clubs, to an artist's website, or to the record label's home page. Most such efforts could be categorized as "art for art's sake"---experimental projects undertaken without any clear idea as to how the finished product will be used. "Value added" is usually the justification, but rarely the result.
The Paradigm Group announced today that they have entered into an agreement to purchase the assets of Sonic Frontiers Inc., of Oakville, Ontario, as the first step in a comprehensive restructuring plan that will lead to an expansion of Sonic Frontiers.