As interest grows in the online music subscription sector, one pioneer appears to be throwing in the towel.
eMusic quietly announced a merger yesterday with K-NFB Reading, an e-book distributor founded by noted inventor and futurist Ray Kurzweil. Adam Klein, the company's chief executive for the past three years, has also left the company, The Wall Street Journal reports.
"I am very pleased with the significant repositioning of the company and its future direction," Klein said in an e-mail to the Journal confirming the exit.
The newly merged company will "create a consumer-centric interface that makes … Read more