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Friday, January 13, 2006

Traditional Media Deathwatch: Musicland Files Ch. 11

Another one bites the dust. Musicland files a pre-packaged Chapter 11 and illustrates the pressures of being a traditional media retailer in the dynamic world of media. One has to wonder about Sun Capital's abilities here. How does a sophisticated PE firm run a company into the ground? Although to be fair, they did get the company for $0. Yep, Best Buy saw the writing on the wall awhile ago and decided to get the hell out of Dodge GIVING the company away. Looks like a smart move...
I wonder if Musicland gets the plot next to Tower Records. Is Hastings (HAST) next?

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