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And then there were four: Sony's music division and German media company Bertelsmann, parent of the BMG record label, have decided that they've got a better chance under one roof. Last week, the two companies revealed that they will merge their music divisions into a new company called Sony BMG.

Few audio products have proved as enduringly fascinating to audiophiles as William Firebaugh's Well-Tempered Turntable design. At once elegantly simple and technically sophisticated, it was an immediate hit with music lovers and critics alike—and was long a staple of Stereophile's "Recommended Components" list. For the greater part of the product's 20-year lifespan, the Well-Tempered 'table has been distributed and manufactured under the direction of Transparent Audio, Inc. However, Carl Smith, the Transparent partner who supervised the manufacture of the Well-Tempered line, decided to retire this year, and Transparent determined that it should concentrate on its cable business.

I am saddened to report that Peter James Walker, the founder of quintessential English audio company Quad, passed away on December 10, after a long illness. He was 87. Peter Walker had been married twice; both his wives had died before him. He is survived by a daughter, Victoria, and a son, Ross, the latter having played a major role in managing Quad through the 1970s and '80s.

Retail may be bouncing back. Best Buy, North America's number one electronics chain, reported an 18% gain in total sales for its third quarter ended November 29. The Richfield, MN–based operation posted $6.03 billion in total sales, with same-store sales up 8.6%.

Bronfmans bid Vivendi adieu: On Wednesday, December 3, Edgar M. Bronfman and his son Edgar Bronfman, Jr. officially resigned from Vivendi Universal's board of directors. The move followed an announcement by Time Warner that it would accept a $2.6 billion offer for its Warner Music Group (WMG) from an investment group led by the younger Bronfman.

Paul Bolin says that the Balanced">http://www.stereophile.com/amplificationreviews/1103bat">Balanced Audio Technology VK-51SE line preamplifier "made a profound impression on me at the 2003 Consumer Electronics Show." Once in his very own listening lair, did the BAT continue to impress? PB tells all.

With few exceptions, 2003 has been a slow year for specialty A/V retailers. In late November, both Ultimate Electronics and Tweeter Group reported disappointing figures for their third and fourth fiscal quarters, respectively. New York's Harvey Electronics, however, posted respectable gains given the stagnant economy.