Owners of the nearly 150-year-old Sherman Clay Pianos announced an agreement to sell its two Bay Area locations, including the company’s iconic Mission Street store in San Francisco, to Steinway & Sons.

As first reported by MMR back in November of 2011, former Beatle Paul McCartney took it upon himself to pay for the restoration of an 1877 Steinway grand piano used by Motown greats during the label’s 1960s heyday.

Gibson Guitars has bought a majority stake in Japanese electronics firm TEAC for the reported price of $52 million.

Dale Hyatt passed away on Thursday of this week, at the age of 87.

The SupportMusic Award presentation took place during NAMM’s annual D.C. Fly-In…

It was announced this morning that Robert Zildjian, founder of Sabian Cymbals and a true giant of the MI trade, passed away yesterday at the age of 89 after a struggle with cancer.

Dansr, Inc. has appointed Yamaha Canada as the exclusive distributor of Denis Wick products in Canada.

Harman Professional has appointed Vince Grieb to the position of Senior Director, Operations, Loudspeaker SBU.

As previously reported, on January 1 of this year Mel Bay announced it was discountinuing its UK sales and distribution, turning over the operation to Music Sales.

Steinway Musical Instruments, Inc. (NYSE: LVB) has entered into an agreement with JDS Development Group to sell its interest in the Steinway Hall building on West 57th Street in New York City…

The Executive Committee of the Percussion Marketing Council (PMC) launched two new program initiatives during the January NAMM convention in Anaheim, California, directly addressing the need of growing and supporting drum set oriented members and firms in the percussion industry.

Roland USA recently announced the forming of the 1st United States Digital Accordion Orchestra.

Audiofly has moved to a new US headquarters.

On January 25th, EMG Pickups hosted the Hap Kuffner Roast to honor his 30-plus years of service with the company.

Music for All, Inc. has promoted three employees to executive and manager positions.

Sequester, ‘Fiscal Cliff’, Gun Control, etc… It’s pretty easy to put the larger cause of “music education funding” on the back-burner these days — understandbly so.

Hohner announced the promotion of Leon Lewis to the position of ukulele product manager.

C. Bechstein celebrates its 160th anniversary with a unique achievement: a luxurious, sumptuously ornamented instrument made by master craftsmen and artists using the most exquisite materials.

Guitar Center has announced Mike Pratt has been appointed CEO and a member of the Company’s Board of Directors effective April 1, 2013.

Morley Thompson passed away on March 7 at the age of 86.