Cerwin Vega is a somewhat sad story. I was introduced to the company in the '80s, when it produced very good and equally reliable pro audio enclosures. From the beginnings until around the end of the 1970s, the company made a serious effort in the home HiFi market with designs that were truly innovative at the time, such as the 12TR, with its 12" downward firing woofer, dhorm, ambience tweeter. and with an attractive furniture-like aesthetic. These are still around and fairly collectible if in good condition.
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Perhaps the last gasp of reaching for a more upscale clientele with innovative design was the stately 2000 series, launched in 1985 and now a collector rarity:
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Unfortunately, Cerwin Vega's other 80s-90s models consisted of mostly redundant SKUs with no real innovation, each being the same basic dimensions and layout, with slightly rejiggered combinations of familiar drivers and changed crossovers. This was done ostensibly to give each distribution channel its own line to avoid self-competition.
By 2002, the overwhelmingly top heavy company was bankrupt and rescued by Stanton, who hired the late Bill Bush, formerly of Audio Research and NHT, to create the CLSC and later the revised CLS series. As can be seen in the Soundstage measurements in the article posted previously, he did a fine job with the acoustics, but that relationship ended with the onset of "The Great Recession."
CV was recently bought by its more successful car audio namesake and is producing very decent home audio speakers (e.g. LA Series) that feature modern acoustical design with good build quality and hardware for the money.