December 4, 1984

New York Times and The Wall Street Journal publish the CBS announcement of the plans to sell its music division, including Steinway & Sons. Facilitating the sale is James D. Wolfensohn, Inc. – the company named after its owner, James D. Wolfensohn, an Australian-born, naturalized American investment banker, personal friend of violinist Isaac Stern, chairman of the board of Carnegie Hall, and advisor to the Metropolitan Opera.