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Re: [ARSCLIST] Muzak is bankrupt
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?
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.
From: Schooley, John <John.Schooley@xxxxxxxxxxxxxxx>
Sent: Wed, 11 Feb 2009 2:44 pm
Subject: [ARSCLIST] Muzak is bankrupt
"Bankruptcy documents showed Muzak owes its largest creditor -- U.S.
Bank -- about $370 million, nearly all of it due this year."
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.
company was founded in 1934 and did very well during the depression.