Re: [ARSCLIST] Muzak is bankrupt

[carlstephen koto <cskoto@xxxxxxxxxxx>]

Cary,
There's nothing quite like hearing a song/band that you listened to  
in your youth that seemed edgy and radical at the time, floating out  
of the ceiling speakers when you're shopping for pork chops at the  
local supermarket. I have to confess that I've sung along with a few  
lately. I wonder if an online service will fill the void?
Steve Koto
On Feb 11, 2009, at 3:51 PM, Cary Ginell wrote:

> They were doing fine when I was working for its major competitor,  
> AEI Music, back in the late '80s. Muzak's biggest problem was the  
> stigma attached to its name, which basically was equated with  
> characterless elevator music. In recent years, they were  
> programming original artist hits for their clients rather than  
> tepid instrumental covers of hits.
>
> Cary Ginell
>
>
> -----Original Message-----
> From: Schooley, John <John.Schooley@xxxxxxxxxxxxxxx>
> To: ARSCLIST@xxxxxxxxxxxxxxxx
> Sent: Wed, 11 Feb 2009 2:44 pm
> Subject: [ARSCLIST] Muzak is bankrupt
>
>
>
> 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.