Columbia House is back and so is Vinyl

Remember Columbia House -- the mail order retailer that sold piles of tapes and records for a penny?

The 60-year-old company may be making a comeback, with a nod to its humble beginnings.

John Lippman, who bought the company out of bankruptcy this month, told the Wall Street Journal he planned to bring Columbia House back to its vinyl roots.

No word yet on whether records will be available for a penny.

On a website labeled Columbia House Record Club, the launch is hinted at with an image of a vinyl record on a turntable and the caption "coming soon." The site adds, "One of the most iconic names in music will return in 2016."

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