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?
posted by Anonymous @ 4:09 PM
0 Comments:
Post a Comment
<< Home