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Thiel Audio Acquired by Nashville-based Private Equity Firm

Thiel co-founders the late Jim Thiel (left) and Kathy Gornik (right) at the 2009 CES

We received the following press release last night. No more information was available and there was no word when this story was first posted on whether or not Thiel cofounder Kathy Gornik will remain with the company. Since then, however, CEPro.com has reported that Kathy and her daughter Dawn Cloyd, who was director of international sales, will both leave Thiel. Why the sale? Our suspicion is that while Thiel remains a great brand, it is too small a company, with no access to a significant source of capital, to be able to compete effectively in today's market.

Winning the Loudness Wars

At the 133rd Audio Engineering Society (AES) Convention at San Francisco's Moscone Convention Center, a full house flocked to aptly numbered Room 133 on October 27 to hear Stereophile's John Atkinson and four other major audio professionals deliver a two-hour presentation, Loudness Wars: The Wrong Drug? Sharing the stage were the panel's chair, Thomas Lund of TC Electronic A/S from Risskov, Denmark; Florian Camerer of ORF of Vienna, Austria; fabled recording and mastering engineer Bob Katz of Digital Domain in Orlando, Florida; and the equally fabled George Massenburg, McGill University, Montreal, Quebec, Canada, who engineered, among other things, that audiophile favorite, Jennifer Warnes' "Bird on a Wire."

Chord Launches the DSX1000 Network Player

Rather than debut its new $13,000 DSX1000 Network Music Player in the UK, where the company is based, Chord founder and chief scientist, John Franks (above), traveled to Mountain View, CA on November 8 for the unveiling. The site was the spacious, extremely attractive Northern California showroom of Audio High, one of the high-end dealers in the US that display Chord's top-end Reference products.

Burning Amp Sizzles in San Francisco

Nelson Pass in full flight

It was no accident that residential architect Mark Cronander, aka Variac, scheduled the Sixth Burning Amp DIY Fest for October 28, on the same weekend that the AES Convention (Audio Engineering Society) took place in San Francisco. Not only did Cronander attract a fair number of new folks who came into town for the convention, but he also scored, as a speaker, class-D amplification expert Bruno Putzeys of Belgium's Hypex Electronics.

On Sale Now: The Recommended Component’s Collector’s Edition

After two full weeks away from the office&#151Hurricane Sandy followed us from Puerto Rico to New Jersey&#151it was especially nice to get back in here and be greeted by the Stereophile Recommended Components Collector’s Edition.

Isn’t it beautiful?

For me, every one of its 180 pages represents blinding pain and seemingly endless suffering. But, for you, dear reader, we hope the Recommended Components Collector’s Edition will represent nothing but pure pleasure and joy.

Richard Vandersteen at Advanced Audio Systems

Photo by chrissy from the Stereophile Galleries.

Saturday, November 3, 12pm: Advanced Audio Systems (6450 Tacoma Mall Boulevard, Tacoma, WA) will host a seminar with iconic loudspeaker designer Richard Vandersteen. The event will consist of product demonstrations and a question and answer session with Vandersteen. To register for the event, follow this link.

Fine Sounds to Acquire McIntosh

Breaking news this morning is the announcement that the Italian Investment Group Fine Sounds SpA is to acquire 100% of famed US tube-amplifier manufacturer McIntosh Laboratory from D&M Holdings. Fine Sounds already owns the Sonus Faber, Audio Research, and Wadia Digital brands and the Sumiko distribution company.
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