[ARSCLIST] Muzak is bankrupt

["Schooley, John" <John.Schooley@xxxxxxxxxxxxxxx>]

http://edition.cnn.com/2009/SHOWBIZ/Music/02/11/muzak.bankruptcy/?iref=m
pstoryview
 
"Bankruptcy documents showed Muzak owes its largest creditor -- U.S.
Bank -- about $370 million, nearly all of it due this year."
 
370 million?
 
I remember reading an interview with the founder of Muzak in "Hard
Times", Studs Terkel's collection of Great Depression oral history.
While many of the interviewees in that book obviously had it rough in
the 30's, the Muzak guy was one of the few who was a huge success.  This
company was founded in 1934 and did very well during the depression.