High Fidelity that were sold at newsstands, but only in certain copies available only by subscription. This business arrangement continued after High Fidelity was sold to ABC Consumer Magazines in 1974. ABC continued this publishing arrangement until 1986 when ABC decided it needed to revive Musical America as a separate monthly publication (which later became bimonthly) to fight back against the loss of readership caused by the founding of a new competing classic music publication by a James R. Oestreich called Opus. Oestreich was a former High Fidelity classic music editor who was fired in 1983 for protesting the cutbacks in classic music coverage in High Fidelity/Musical America. In protest to Oestreich dismissal, several noted classic music editors resigned in mass to eventually join Oestreich at his new publication. The reintroduction of the first separate issue of Musical America in 1987 was mishandled by ABC since ABC did not provide copies for distribution at newsstands in many major cities. Although Musical America's tenure at ABC was not very impressive, it avoided High Fidelity's fate of being sold to Diamandis and remained with ABC until 1991 when it was sold to media investor Gerry M. Ritterman. During most of this time, Shirley Fleming served as the magazine's editor from 1967-1991. Faced with declining sales and rising costs, Ritterman tried to turn the magazine around by firing the entire editorial staff and implementing cost saving measures, but was unsuccessful. A few months later, he announced that he was shutting down the magazine with the publication of the January/February 1992 issue being the last. However, Ritterman said he was going to continue to publish the lucrative Annual Directory, a separate publication that followed the magazine in its journey through several change of ownership. 1992–2013 Ritterman kept the Annual Directory for two more years before selling it, along with the entire directory division, in 1994 to K-III Communications, later renamed Primedia. Under Primedia, the Annual Directory announced in December 1998 the launch the following year of website MusicalAmerica.com. This publishes 25 news stories per week and since April 2004 has also been issuing a weekly newsletter. Primedia sold Musical America as part of its directories division to Commonwealth Business Media, Inc. in October 2000. Commonwealth Business Media was itself acquired for $152 million in 2006 by United Business Media plc. 2013 to present Musical America has been owned and published by Performing Arts Resources,