Back in November, I blogged about the use of classic rock hits as background tunes in a post titled: "Muzak.... when is enough, enough?"
Well, I just got my answer
Music and entertainment company Muzak Holdings LLC, which is known for providing background music in stores and hotels, said on Tuesday that it has filed for Chapter 11 bankruptcy protection to restructure its debt.
In documents filed with a U.S. bankruptcy court, the Fort Mill, South Carolina-based company listed assets in the range of $0 to $50,000 and liabilities in the range of $100 million to $500 million.
I don't know if I should rejoice or feel sorry for those folks who may lose their jobs.