Reuters: D&M says to shutter Rio digital music player unit
D&M is majority owned by Ripplewood and remains a troubled investmentJapanese audio electronics maker D&M Holdings Inc. said on Friday it will quit the market for portable digital audio players, saying poor sales of its Rio line was a drag on the company's bottom line. D&M, the maker of premium audio brands Denon, Marantz and McIntosh, said it will get out of the market for the pocket-sized music players by September 30. "(The) decision to shut down the Rio business followed a determination that the mass-market portable digital audio player market was not a strong enough strategic fit with the company's core and profitable premium consumer electronics brands to warrant additional investment in the category," the company said in a statement.
