D&M Says to Shutter Rio Digital Music Player Unit
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 Sept. 30. The sector has been dominated by Apple Computer Inc.’s iPod line.
“(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.
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D&M, 51.6 percent owned by RHJ International, a holding company linked to U.S. buyout firm Ripplewood, will retain the Rio brand and trademark. But it was not clear what other steps it would take in exiting the business.

