Missed This Milestone In Digital Music [5:09 pm]
The Japanese company that makes the Rio line of MP3 players is shuttering its portable digital-audio division.
Rio parent D&M Holdings said on Friday that the ultra-competitive business no longer fit its market strategy.
Although it has only a small market share compared to Apple Computer’s iPod, the Rio brand name has been linked with the early days of digital-music history since weathering a lawsuit from the recording industry that aimed to shut down the MP3 hardware business.
