Barry Willis

The public auction of the assets of Wadia Digital Corporation has been postponed for at least two weeks, according to an employee of the Minneapolis law firm Siegel, Brill, Greupner, Duffy & Foster, P.A., which is handling the liquidation.

Briefly gone but not forgotten, Wadia Digital will return as a division of Audio Video Research, Inc. (AVR) of Ann Arbor, Michigan, a new company formed in December, 2000 by combining the assets of Wadia and Digital Imaging Corporation. Wadia products, including the 861 and 831 CD players and 27ix processor, will be shown at CES in January, 2001.

Warner Music Group is supporting efforts by the DVD Forum to create a hybrid dual-layer CD/DVD-audio disc, according to reports from New York the first week of December. WMG, a unit of AOL Time Warner, is one of the music industry's principal backers of the DVD-Audio format.

The Telecommunications Act of 1996 loosened many long-established constraints on the ownership and operation of radio and television stations in the United States. The regulatory changes launched waves of mergers and acquisitions through the nation's broadcasting industry, consolidating what had been many regional companies into a few large conglomerates in just a few years. Backed by vice president Al Gore and the then chairman of the Federal Communications Commission (FCC), William Kennard, the changes were intended to make the broadcasting industry more responsive to the "free market."