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A disappointing Q4 2006 performance, exacerbated by flat-screen price wars during the Christmas season (a period when Tweeter's share price dropped 32%), damaged the company, which had begun reorganizing the previous year. In March the company announced 650 layoffs (starting with 70 executive positions) and closed 49 stores—stores that were…
"Our law enforcement resources are seriously misaligned," NBC/Universal general counsel Rick Cotton said. "Add up all the various kinds of property crimes in this country, everything from theft to fraud, to burglary, bank robbing, all of it costs the…
"We're building something special here," Richard Beers, president of T.H.E. Show, told…
A near neighbor of mine in Brooklyn, Fred's pedigree as a writer on audio is wide and deep: He was an audio reviewer and jazz critic for The Abso!ute Sound from 1984 to 2006, with something in every issue except for the three years (1992–95) when…
Wal-Mart, with 15.8% market share, and Best Buy, with 13.8%, were the largest and second-largest music retailers this quarter. What's fascinating about these results is that none of these outlets represents what would have…
"Pretty cool stuff," but, as Churchill pointed out, there was no mention of it on Stereophile's website, which made the news seem a trifle untrustworthy. Have no fear, we're on the job.
The patent specifies that the "multichannel stereophony sound system" has a "relative…
In the cyberland of the red, white, and blue, Naxos of America has established its own online boutique, NaxosDirect. There, consumers can purchase all of the label's US-distributed…
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Consider the case of Prince and The Mail on Sunday: On June 28, TMOS announced that it would offer Prince's 10-track Planet Earth CD (due to be released in the UK on July 24) as a free "covermount" on an "imminent" edition. In addition, Prince announced plans to give the CDs to everyone who bought tickets for his 21-night stand in London.
The Mail on…