Business & Finance: Columbia's Hi-Fi

In its Manhattan studios, Columbia Records last week showed off a small (16 in. by 12½ in. by 10 in.) box which it hopes will revolutionize the phonograph industry just as its long playing records changed the record business. Inside the box was Columbia's new high fidelity phonograph (the 360) designed by Dr. Peter Goldmark, who developed Columbia's LPs. Until last week, most "hifi" sets, which reproduce music in the home with the clarity and realism of the concert hall, were custom-made from standard parts by small radio & phonograph shops at a...

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