Muzak may have haunted the aisles of its last supermarket: the company has filed for Chapter 11 bankruptcy protection. Somehow, Muzak has accumulated between $100 and $500 million worth of debt, yet has assets that are only worth $50,000, according to Billboard.biz. Which means if enough Rock Daily commenters banded together, they could feasibly buy [...]

Topics:  chapter   muzak   billboard.biz   rock daily   company   bankruptcy   worth   

 

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