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last year attributed the fall in electric guitar sales to rock music simply getting stale and to there being too few new faces on the scene.
“What we need is guitar heroes,” George Gruhn, a Nashville guitar dealer told the paper at the time.
Over the years a cloth-bound, 712-page illustrated anthology—with an introduction by Lewis H.
Lapham and a foreword by Arthur Schlesinger, Jr.—that offers a unique perspective on American life, distilled from the pages of the nation’s oldest continuously published monthly magazine.
made its debut in June 1850, the brainchild of the prominent New York book-publishing firm Harper & Brothers.
Sign in to Customer Care using your account number or postal address. The initial press run of 7,500 copies sold out immediately, and within six months circulation had reached 50,000.
Data published last week shows that rap surpassed rock as the most popular music genre in the US last year.
Analytics firm Nielsen Music found that R&B and hip hop represented 24.5 per cent of all music consumption in the US while rock only accounted for a share of 20.8 per cent.
The group said that it was working with investment bank Jefferies to manage that process.
Chairman and chief executive officer Henry Juszkiewicz said in the statement that Gibson is streamlining its focus and trying to concentrate on product segments that are profitable, while moving away from those that “have little upside in the future”.
According to a recent report in the , Gibson Guitars faces a $375m (£268m) deadline for a debt repayment in less than six months’ time.