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Tower Records Bankruptcy

www.cbsnews.com/stories/2004/02/09/entertainment/main599008.shtml
Citing big profit losses due to Internet music piracy, growing numbers of discount stores like Best Buy, and a general slump in the music industry, the 93-store chain Tower Records filed for bankruptcy. The bankruptcy filing proposes that creditors assume shares of Tower Records in exchange for their debt holdings.

digitalmusic.weblogsinc.com/2006/08/23/the-motley-fool-on-tower-records-bankruptcy/
It's nice to be agreed with, and double that when it's the witty stock watcher's at The Motley Fool. When Tower Records' publicist contacted me a few months ago to pitch Tower's latest attempt at an online music store, 8. I spoke to an old friend who worked some years at the Tower Records in Mesa,

www.hollywoodreporter.com/hr/search/article_display.jsp?vnu_content_id=1003221959
Tower Records has played its last tune. On Friday, after a 29-hour auction, most of the bankrupt music retailer's assets were sold to liquidation firm Great American Group, which bid $134.3 million.

en.wikipedia.org/wiki/Tower_Records
Tower Records was a retail music chain based in Sacramento, California, USA. It currently exists as an international franchise and an online music store. Starting on October 6, 2006, all 89 Tower Records stores in the...

idolator.com/tunes/tower-records/bankruptcy-court-euthanizes-former-record+retail-powerhouse-206175.php
Well, it looks like that channel is continuing to struggle. Tower Records' parent company has declared bankruptcy.

www.laist.com/archives/2006/08/23/tower_records_files_for_bankruptcy.php
Tower Records a Sacramento-based chain of record stores was given a death sentence on Friday It is expected to pass Great American began going-out-of-business sales immediately after it won Tower in a bankruptcy auction; sale prices, however,

www.iht.com/articles/ap/2006/11/02/business/NA_FIN_US_Tower_Records_Founder.php
Tower Records filed for bankruptcy this week to make way for a sale that will be completed within 60 days, according to UPI.


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