LATEST ADDITIONS

US lawmakers have honored their promise to address a languishing small-webcaster royalty bill that was <A HREF="http://www.stereophile.com/news/11468/">put on hold</A> prior to the fall elections.

Earlier this month, an unambiguous and simple message went up on the Dunlavy Audio Labs <A HREF="http://www.dunlavyaudio.com/">web site</A>: "As of November 7, 2002, Dunlavy Audio Labs, LLC has ceased operations." A phone call to the company confirms that it is indeed out of business, although Dunlavy president Keny Whitright did not return calls seeking comment.

<B>CARTER, COBB, COLEMAN, STERN: <I>4 Generations of Miles</I></B><BR> George Coleman, tenor sax; Mike Stern, electric guitar; Ron Carter, bass; Jimmy Cobb, drums<BR> Chesky JD238 (CD). 2002. David Chesky, prod.; Barry Wolifson, eng.; Nicholas Prout, mastering. DDD. TT: 67:06<BR> Performance <B>****&#189;</B><BR> Sonics <B>*****</B>

"The monthly miracle," it's called in publishing: that magical moment when the new issue of your magazine arrives in the mailbox hot from the printer. And with this issue of Stereophile—No.274, or Vol.25 No.11—we celebrate the 40th anniversary of the start of our "miracle." With the 20 pages of Issue No.1, Vol.1 No.1, cover-dated September-October 1962, "Ye Editor & Publisher" J. Gordon Holt introduced both a new audio magazine and the philosophy that an audio product is best reviewed by doing exactly what its purchasers will do: listen to it. On that small rock of an idea was founded not only Stereophile but the entire high-end audio industry. Here, reprinted from a 1974 anthology of the first 12 issues, is J. Gordon Holt's description of the events that led up to the founding of Stereophile:

"Most important." That was the phrase I used when I e-mailed the members of Stereophile's extended family of reviewers and writers to ask for suggestions when I began to compile this list. I didn't want to be more specific because I wanted to cast the net as wide as possible. But there are many factors that make an audio component "important": design innovation, sound quality, sales figures, influence on other designers, influence on the evolving market, influence on system synergy.

In addition to our audio equipment, our ears are very important parts of the audiophile equation. How would you rate your hearing?

Folk wisdom has it that fools lock the barn door after the horses have escaped. They also chase all over the countryside trying to catch them. The music business is doing some of both in legal action brought against file-sharing service <A HREF="http://www.madster.com">Madster</A&gt;.