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20 Years of Naxos

Naxos is making money from classical music. In the record industry, which seems to daily lament declining sales, piracy, and the demise of bricks-and-mortar retailers, that's news in itself. But when the world's largest independent classical-music company is able to turn a tidy profit while catering to the needs of audiophiles, that's cause for rejoicing.

Luciano Pavarotti

Luciano">http://www.lucianopavarotti.com/">Luciano Pavarotti interrupted the extended farewell tour he'd begun in 2004 to undergo cancer surgery last July in a New York City hospital. Though he often proclaimed intentions to resume touring, he was forced to curtail further public appearances. After a recent hospitalization for a high fever, he was released on August 25 to spend his remaining days at home. His second wife, sister, four daughters, nephews, and close relatives and friends were all at his side in Modena September 6 as he died.

NBC to Apple: "We're Taking Our Ball and Going Home."

On August 31, Apple announcedhttp://www.apple.com/pr/library/2007/08/31itunes.html">announced; that the iTunes store would stop selling NBC television episodes for the upcoming season. The press release stated: "The move follows NBC's decision to not renew its agreement with iTunes after Apple declined to pay more than double the wholesale price for each NBC TV episode, which would have resulted in the retail price to consumers increasing to $4.99 per episode from the current $1.99. ABC, CBS, Fox and The CW, along with more than 50 cable networks, are signed up to sell TV shows from their upcoming season on iTunes at $1.99 per episode."

Return of the Son of Web Radio

Digital Music Association (DiMA) and Sound Exchange (SX) announced on August 23 that they had reached an agreement to "cap the Internet radio '$500 per channel minimum royalty' at $50,000 per service, signaling the start of productive negotiations and bringing resolutions to three important music industry issues," according to DiMA's press release.

Tweeter Twists in the Wind

It has been a fraught week for Tweeter Newco LLC, the A/V specialty chain acquired by Shultze Asset Management in July. On August 17, the company trimmed its corporate staff by "half," approximately 80 staffers at the home office in Canton, MA. It was the second corporate re-structuring since January, when 20% of the corporate staff was laid off.

Sonos Offers Sirius

On August 15, Sonos announced the release of Sonos System Software v2.3, which adds Sirius Internet Radio connectivity to the company's line of digital music systems. Sirius subscribers who own Sonos systems can add that system to their coverage for an additional $2.99/month. Sonos system owners who do not already subscribe to Sirius can purchase Sirius Internet Radio subscriptions for $12.95/month.

Harvey and MyerEmco Merger Called Off

The Harvey acquisition of MyerEmco announced in Mayhttp://www.stereophile.com/news/051407harvey/">May; has been called off. The merger—which was supposed to have closed by June 7, later extended to the end of July, and then pushed back to August 10—called for Harvey to pay $10 million in cash and assume MyerEmco's debt.

Industry Update: Is It CEDIA Yet?

XM/Sirius: Did we just hear the other shoe drop on the XM Satellite Radio/Sirius Satellite Radio merger? On July 25, XM founder and CEO Hugh Panero announced he would leave the company in August. The company named COO Nate Davis president and interim CEO.

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