No Merger for CDnow, Columbia House
The courtship between two music-retailing giants is over. CDnowhttp://www.cdnow.com/">CDnow; and Columbia">http://www.columbiahouse.com/">Columbia House have decided to call off a merger that had been in discussionhttp://www.stereophile.com/news/10496/">discussion; since last summer. The official explanation from executives close to the deal was a sharp decline in Columbia House's profitability over the past several months.