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Tower Records closing


“Tower Records has played its last tune. On Friday, after a 29-hour auction, most of the bankrupt music retailer’s assets were sold to liquidation firm Great American Group, which bid $134.3 million. The company outbid Albany, N.Y.-based retailer Trans World Entertainment by a mere $500,000.” [Washington Post]

Idolator has more coverage.

Music companies cut CD shipments to tower records
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