Friday, October 06, 2006
LP, CD, DVD, R.I.P.
AP Business Wire: A federal bankruptcy judge on Friday approved the sale of California-based Tower Records to Great American Group, which plans to liquidate the music retailer. Great American plans to begin the liquidation process and going out of business sales on Saturday, which eventually will result in the elimination of the jobs of some 3,000 Tower employees.
Our fathers had hardware stores. We had Tower Records. The loss of the Tower Records building and facade from the Sunset Strip will be a seismic shift for Los Angeles culture, akin to paving over the Garden of Allah into a parking lot or the plan to turn the Capitol Records building into condos.