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The streak of acquisitions for D&M">http://www.dm-holdings.com">D&M Holdings continues. Last month saw the company pick">http://www.stereophile.com/news/11595/">pick up its third major consumer electronics brand when McIntosh Laboratory was brought into the fold with Denon and Marantz. Last week, D&M announced that it was successful in a bid to acquire certain assets comprising the digital video recorder and MP3 business units of troubled SONICblue.

April brought several important executive changes to the audio industry.

Last week found Recoton strugglinghttp://www.stereophile.com/news/11618/">struggling; to keep its head above water. This week Gemini Industries tossed the beleaguered company a rope, announcing that it had reached an agreement to acquire Recoton's consumer electronics accessories business. In support of this transaction and Gemini's growth plan, the company raised new funding from Boston-based Parthenon Capital.

On April 8, Recoton">http://www.rcot.com">Recoton Corporation voluntarily revealed that it and all of its US-based subsidiaries filed for bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York under Chapter 11 of the United States Bankruptcy Code.

A month after news of Apple Computer's start-up subscription music service, reports began circulating that the company was negotiating to buy Universal Music Group, the dominant player in the global music market. The rumored buyout, first reported April 10, was variously quoted at $5–6 billion. The discussions between Apple and UMG may have been blown out of proportion; by April 12 the New York Times was suggesting that Apple might invest in UMG, but was in no position to make an outright acquisition.

If a recent announcement by the nation's largest radio broadcaster is any indication of a trend, independent music promoters may be on their way to extinction.

Stereophile was saddened to learn of the death of Herb Papier earlier this month. He was 86. A musician—he was an amateur trumpeter—music lover, and inventor, Papier was best known in the audiophile community as the designer and original manufacturer of the Wheaton Tri-Planar tonearm.

Michael Fremer almost grasps upsampling when he looks into the dCS">http://www.stereophile.com//digitalsourcereviews/814/">dCS Verdi SACD transport, Purcell D/D converter, and Elgar Plus D/A converter. MF notes, "Explaining what you get for your $34k is somewhat easier than explaining upsampling, but due to the dCS gear's enormous flexibility and multitude of features, it's not that much easier."

The music industry is facing its toughest business climate in recent memory, and slow sales are hurting not only the record labels, but music retailers as well. In the face of continuing sales declines, store closings, mergers and consolidations, layoffs, and seemingly intractable digital distribution issues, the industry came together last month for its annual National">http://www.narm.com">National Association of Recording Merchandisers (NARM) convention and trade show in Orlando, FL.

Webcasters will pay a new royalty rate to the recording industry, as of April 3.