Nashville, TN. Salem Radio Network has announced its purchase of Morningstar Radio Network, Inc. of Nashville. Morningstar produces, syndicates and distributes via satellite two 24-hour Christian music formats, Today’s Christian Music (adult contemporary), and High Country to over 160 affiliated radio stations nationwide.

“The acquisition of Morningstar is another important step in the continued growth of SRN,” said SRN President, Greg Anderson. “While news and talk syndication has been our foundation, we have consistently sought the right opportunity to expand our Christian music programming and syndication. Morningstar provides us with that opportunity.”

New York, NY. SFX Broadcasting Inc. has announced the acquisition of radio station WYSR-FM from Jarad Broadcasting Co. for $1.0 million. WYSR serves the Albany, N.Y. market with a 70s oldies format. SFX already owns four other Albany market stations: WGNA-FM (country), WGNA-AM (country), WPYX-FM (AOR), and WTRY-AM (70’s oldies).

“While we’ve been selling advertising for WYSR, it’s great to now be acquiring the station,” says Robert F.X. Sillerman, Executive Chairman of SFX Broadcasting. “Our proven programming expertise will allow us to fully exploit the potential of this station and bring its market ratings up to the level of our other two FM stations.”

Tokyo. Japan’s top mainframe computer maker Fujitsu Ltd. said Wednesday it will expand into the production of music software, including CD’s. Fujitsu’s new products will be marketed under the “fin fin” label. The first offering will be a multimedia music CD-ROM to be released in October. fin fin will follow up in November with its first classical music CD.

Fujitsu is following the lead of other Japanese computer and electronics manufacturers, including Sony, Toshiba, Victor, by getting into the music market. Unlike its rivals, however, Fujitsu claims that the music software line will feature its computer technologies prominently.

New York, NY. Alliance Entertainment said yesterday that it has completed the previously announced purchase of Red Ant Entertainment from its principals, Wasserstein Perella and Al Teller. Teller has become Alliance’s co-chairman, president and chief executive officer.

Red Ant Entertainment is a Los Angeles-based record label currently building a roster of alternative, urban contemporary and country artists.

London, UK. Late last week, PolyGram announced that it had bought London-based Go!Discs. The label’s lineup includes top-selling British singer Paul Weller. PolyGram already owned a 49 percent stake in Go!Discs, and purchased the label outright in this move. Andy Macdonald, founder and managing director of Go!Discs, will leave the company.

Go!Discs has a reputation for turning raw British pop acts into chart successes at home and abroad. Besides Weller, a solo artist who is also known for his work with The Jam and The Style Council in the 1980s, Go!Discs’ attractions include The Beautiful South, Portishead and Gabrielle.

Lynwood, WA. Robert Carver has resigned as Chairman of the Board at audio equipment manufacturer Carver Corp. He was Carver Corp’s founder, and the designer of many of Carver’s key products. He had quit the company once before, in 1994, in a dispute over royalties. He returned seven months ago as part of an agreement for Carver Corp. to sell its professional amplifier division, a deal that involved licensing rights that he still held. In the interim, Robert Carver started a competing audio equipment company, Sunfire Corp.

In accepting the resignation, Carver Corp. President Stephen Williams said: “The board and I have become increasingly concerned with the possible conflicts of interest Mr. Carver has in serving on Carver’s board. We wish Mr. Carver well in his new company and believe this action is best for both the company and Mr. Carver.”