EU: No EMI for Time Warner
Citing the potential danger of "collective dominance" of the music business, European Commission members have nixed the proposed merger of American media conglomerate Time Warner and British music-industry powerhouse EMI. The $20 billion joint venture may still have some small chance at a future, provided the companies make further concessions to allay fears of monopolistic control of music prices in Europe.
This smallish loudspeaker system has been getting high ratings in the English audio magazines for some years but was not available to US consumers until recently, when the small firm (literally a Mom'n'Pop enterprise, footnote 1) arranged for US distribution through Audio International.