News

Even after a two-day auction and federal bankruptcy court approval of a $134.3 million bid by the Great American Group, which has stated that it plans to liquidate the music retailer, it's not precisely clear what is in store for Tower Records.

On October 4, Wisdom">http://www.wisdomaudio.com/">Wisdom Audio announced the appointment of its new president, industry veteran Mark Glazier, to oversee the company's sales, customer development and support, marketing, distribution, and overall business development.

Classical music specialist Channel Classics, headquartered in the Netherlands, has begun releasing the first DSD-native, hybrid multichannel SACDs recorded in China. Issued under the Channel of China imprint, the first two titles, Ambush on All Sides (CCS-SA-80106), featuring Zhang Hong Yan on solo pipa, and Soliloquy at Cold Mountain Temple (CCS-SA-80406), with the China National Symphony Orchestra under Li Xin Cao, have recently reached the US. A third SACD, featuring Yu Hong Mei on erhu (CCS-SA-80206), is scheduled to reach European shelves at the end of September and the US three or four months later.

On Saturday, September 30, Ayre Acoustics founder and president Charlie Hansen sustained serious injuries while bicycling in the foothills near his Colorado home. Hansen is currently recovering in Boulder Community Hospital ICU, following surgery.

New Naims: At CEDIA 2006, Naim introduced two new products to the North American market: the $1500 NAC122x preamplifier and the $5750 n-Vi all-in-one home entertainment system (DVD-CD player/processor/five-channel amplifier).

After a series of unforeseen delays, for which we apologize, the CD of Robert Silverman's performance of Beethoven's monumental work for solo piano, the Diabelli Variations (Variations, STPH017-2), is available for purchase from our e-commerce">http://ssl.blueearth.net/primedia/home.php">e-commerce page today, Monday, October 2.

Telarc, Classic Records, AIX, Cisco Music, Elusive Disc, Reference Recordings, and M•A Recordings have all pulled out of CES 2007, citing new restrictions on sales of merchandise that they feel to be unacceptable. Chesky remains undecided. Music Direct, May Audio, and Acoustic Sounds will exhibit, but will not sell product. Only 5.1 Marketing and Sales is currently committed to selling music.