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Two neighboring performing arts colleges -- the Berklee College of Music and the Boston Conservatory -- are exploring a merger, The Boston Globe reported. Berklee, with an endowment of $321 million and more than 4,000 students, is the larger of the institutions. But Boston Conservatory -- with a $15 million endowment and enrollment of 730 -- has some academic strengths not in the broader curriculum of Berklee.