Muzak Files for Chapter 11 Bankruptcy

noah | February 10, 2009 4:45 am

Muzak is discovering that blanketing public spaces with music isn’t as profitable as it used to be: The company has filed for Chapter 11 bankruptcy protection, thanks to some $100 billion million to $500 billion million in debt—including lots of money owed to various music-publishing concerns—and only about $50,000 in assets. [The Street via Gawker]