AUGUST 20, 1967—THE NY TIMES REPORTS ON A NEW METHOD OF NOISE REDUCTION DEVELOPED BY RAY DOLBY OF DOLBY LABS, A MODIFIED VERSION OF THE ORIGINAL “DOLBY” PROCESS ALREADY AT USE IN STUDIOS. THIS ONE, NAMED “DOLBY B,” WOULD BE FOR HOME RECORDING AND LEAD DIRECTLY TO THE REVOLUTION IN BLANK AUDIO CASSETTE TAPES.