News

Sort By:  Post Date TitlePublish Date

Once Telarc, Now Five/Four

Three years ago, as the shift to downloadable media gathered momentum, Concord">http://www.stereophile.com/news/122605concord/">Concord Music Group purchased Telarc International. The suspicion of those who then saw the handwriting on the wall were confirmed this past December, when a company-wide restructuring by CMG included the layoffs of 27 Telarc employees. Among those now on their own are the entire Telarc Production Department, as well as former classical publicist Amanda Sweet.

The Oyaide Caper: All's Well that Ends Well

As reported">http://www.stereophile.com/news/121308oyaide/">reported on this website on December 9, Joseph Cohen of the Lotus">http://www.lotusgroupusa.com/">Lotus Group, exclusive distributor of Oyaide products in North America, discovered that Chris Johnson of Parts ConneXion was selling counterfeit Oyaide AC plugs at regular Oyaide prices. Given that Johnson had previously signed a contract with the Lotus Group to distribute genuine Oyaide plugs, Cohen immediately attempted to reach Johnson to resolve the matter.

Great Expectations for CES and T.H.E. Show

Given the state of the economy, speculation abounds concerning major declines in the numbers of exhibitors and attendees at this year's audio/video shows in Las Vegas. If the advance numbers can be trusted, however, that will be anything but the case this January 8–11, when the high-end audio exhibits of both the Consumer Electronics Show and T.H.E. Show will be open.

ASL Group Acquires Naim North America

ASL Group (formerly known as Audiophile Systems Ltd.) announced December 19 that it had acquired Naim North America, the US distributor of Naim Audio and NaimNet, a deal that strengthens both ASL and Naim NA. Naim Audio's CEO Paul Stephenson said, "It's like going home, since we originally were distributed by Audiophile Systems when we first moved into the US."

Meridian Acquires Sooloos

Meridian Audio Ltd. announced at 4pm December 5 that it had acquired media server manufacturer Sooloos LLC. "Basically, it comes from [Meridian founder] Bob Stuart's appreciation of great industrial design and innovative technologies," said Meridian's Chief Marketing Officer Graeme Taylor. "That combination is what Meridian has always attempted to offer and when Bob saw Sooloos' products, he realized that Peter Wellikoff [COO], Enno Vandermeer [CEO], and Danny Dulai [CTO] shared those values. Over time, it became obvious that, between what we shared and what we each could offer each other, the acquisition made tremendous sense."

Advertisement
Advertisement
Advertisement