It's only a CD-R with a self-adhesive label and computer-generated inserts, but it's what the major record labels are <I>really</I> scared of.

<B>RANDY NEWMAN: <I>The Randy Newman Songbook Vol.1</I></B><BR>
Nonesuch 79689-2 (CD). 2003. Mitchell Froom, prod.; David C. Boucher, eng.; Steven Rhodes, asst. eng. AAD.? TT: 47:22<BR>Performance <B>*****</B><BR>
Sonics <B>****&#189;</B>

I am saddened to report that Peter James Walker, the founder of quintessential English audio company Quad, passed away on December 10, after a long illness. He was 87. Peter Walker had been married twice; both his wives had died before him. He is survived by a daughter, Victoria, and a son, Ross, the latter having played a major role in managing Quad through the 1970s and '80s.

Julian Hirsch, the man who personified the state of audio criticism for nearly half a century, died on November 24 after a long illness.

Retail may be bouncing back. Best Buy, North America's number one electronics chain, reported an 18% gain in total sales for its third quarter ended November 29. The Richfield, MN&ndash;based operation posted $6.03 billion in total sales, with same-store sales up 8.6%.

Bronfmans bid Vivendi <I>adieu</I>: On Wednesday, December 3, Edgar M. Bronfman and his son Edgar Bronfman, Jr. officially resigned from Vivendi Universal's board of directors. The move followed an announcement by Time Warner that it would accept a $2.6 billion offer for its Warner Music Group (WMG) from an investment group led by the younger Bronfman.

CD prices have been a sore spot for many music lovers. Our own <A HREF="http://cgi.stereophile.com/cgi-bin/showvote.cgi?242">online polls</A> indicate that <I>Stereophile</I> readers think CDs cost too much (most think they should be under $10), while <I>Stereophile</I> editor John Atkinson has <A HREF="http://www.stereophile.com/asweseeit/578/">pointed out</A> that for smaller labels, the economics of CD production only work when the prices are kept higher.

Paul Bolin says that the <A HREF="http://www.stereophile.com/amplificationreviews/1103bat">Balanced Audio Technology VK-51SE line preamplifier</A> "made a profound impression on me at the 2003 Consumer Electronics Show." Once in his very own listening lair, did the BAT continue to impress? PB tells all.

<B>RY COODER/VISHWA BHATT: <I>A Meeting by the River</I></B><BR>
Water Lily Acoustics WLA-CS-29-CD (CD only; LP available eventually). Kavichandran Alexander, prod., eng. AAD. TT: 39:48</FONT>