In 1966, two avid audiophile/music lovers—a nuclear physicist named Arnold Nudell and an airline pilot named Cary Christie—labored over weekends and evenings for 18 months in Nudell's garage to put together the world's first hybrid electrostatic/dynamic loudspeaker system. It cost them $5000 for materials, launched a company (New Technology Enterprises), and helped contribute to the popular myth that all of the really important audiophile manufacturers got started in somebody's basement or garage (footnote 1). The system was marketed as the Servo-Statik I, for the princely sum of $1795. (At the time, the most expensive loudspeaker listed in Stereo Review's "Stereo/Hi-Fi Directory" was JBL's "Metregon," at $1230.)
An acquaintance in the world of CD distribution recently gave me an astonishing statistic: that the average classical title sells fewer than 2000 copies worldwide in its first year of release; which in turn means that many titles sell only about 500 copies! Given that the cost of producing a classical orchestral album can include up to $100,000 in union-mandated musician fees, such minimal sales guarantee financial disaster.
This is my final "Final Word." Although, combined with the announcement of A HREF="http://www.stereophile.com/news/10541/">J. Gordon Holt's resignation, this will undoubtedly cause rumors to swirl about Emap Petersen forcing all the old guys out, I assure you that my departure is of my own volition. It's a process that started back in 1997, when John Atkinson and I first talked about selling Stereophile, and for me it reaches its conclusion here.
Larry Archibald on CD: This article on Compact Discs and CD players is by Doug Sax, president of Sheffield Records and a longtime opponent of digital recording. J. Gordon Holt offers a response elsewhere in this issue, in which he advises readers to buy a Compact Disc player as soon as they can afford it. Gordon in general hails the Compact Disc as the greatest thing to hit audio since the stereophonic LP.
As of February, 1982, the ownership of this publication passed to other hands. In total despair about its precarious finances, JGH accepted with alacrity an offer by Larry Archibald (an occasional contributor in recent years) to purchase the magazine. This has now come to pass, and it is because of the resulting infusion of money that you are holding this issue in your hot little hands now instead of three months from now (and that is probably being a little optimistic about the way things were).
By now you've no doubt realized that Stereophile has changed its size—from 5½" by 8 7/16" to 7½" by 10¼". (All right—maybe you didn't know the exact dimensions of the change, but that's what they are.) We have Edward Chen, Publisher of Stereophile's Chinese edition, to thank for our new size. It is the same size as the Chinese Stereophile and a common size in the Far East. We've been admiring it in Chinese for the last two-and-a-half years, and we thought it would make sense in English as well.
By the time you read this, I will have been fortunate enough to have attended a banquet put on by Harry Pearson in celebration of The Abso!ute Sound's 20th anniversary. Stereophile and TAS may have had their disagreements from time to time, but I take this opportunity to congratulate Harry and his staff on 20 years of excellent high-end publishing. I believe it's not excessively immodest to report that high-end manufacturers frequently remind me of their gratitude for the healthy and vibrant high-end publishing community which exists in the United States—and does not in most other countries. Many publications make up this community, but Stereophile and TAS are certainly the most widely read.
It's useful to ponder the wonders of democracy in this election year—not because of elections, but despite them. Were you to judge democracy by this election year, you might conclude that it consists of judging who has the best PR people, who the best pollsters, and who can muster the nastiest, most effective "negatives" about the other guy.
I'd like to expand on the "expensive electronics/inexpensive speakers" discussion begun by John Atkinson in his Levinson No.26 & No.20 reviews. "Perhaps because it acts as a bottleneck on the signal," he wrote, "the quality of an amplifier or preamplifier is far more important than that of a loudspeaker when it comes to preserving or destroying the musical values of the signal. This would appear to be heresy in the US where, to judge by the letters I receive, large, complicated, expensive loudspeaker systems are often driven by relatively inexpensive, modestly performing electronics, the rationale behind this being that, to quote one correspondent, 'It is the loudspeakers that produce the sound, therefore they are where the majority of the budget should be allocated.'"