Bio • Email • Archive
Follow Mark on Twitter •
A Delaware bankruptcy judge approved the sale of Tower Records to Woodland Hills-based Great American Group, which plans to liquidate the retail chain. With a bid of $134.3 million, Great American beat out Trans World Entertainment, which had hoped to continue operating at least some Tower stores. A going out of business sale will begin tomorrow. It means the elimination of 3,000 jobs - and, of course, the loss of a music and retail icon. It's a little surprising, given earlier indications that several parties wanted to keep the place going. Wonder how much they'll get for the Sunset Strip location - and who might buy.
|
Media
|
Politics
|
|
LA Biz
|
Arts, Books & Food
|
© 2003-2010 • About LA Observed • Email the editor
Follow LAO
| The drive did not really inspire a drinking game in the UCLA Greek houses. We think. Programming note: Warren Olney is not scheduled to host "Which Way, L.A.?" and "To...
| San Clemente home hit the market at $4.2 million, and then, four days later, it was reduced to $2.9 million.
Get RSS Feeds
of LA Observed
of LA Observed
LA Observed publishes several Real Simple Syndication feeds for easy scanning of headlines. If you wish to subscribe to a feed, most popular RSS readers will do it for you. You can also enter the web address from the XML button below or click on a specific feed. For more help with RSS, try here or here.
