Sony & Universal to cease CD production in favor of Hybrid SACD?

Sony & Universal to cease CD production in favor of Hybrid SACD?
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It's been argued that audio's "golden age" occured in the late 1950s, just as stereo LPs were introduced. Others say audio <I>truly</I> came of age in the '70s as high-end audio took off. Others don't remember the past so fondly. When did audio culture hit its peak?