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Tower Records Files for Bankruptcy
Color us depressed. Another great record store is going down in flames and no one can blame this one on Amoeba.
Tower Records filed for bankruptcy this week to make way for a sale that will be completed within 60 days, according to UPI.
"Relax," you say? "It's just a new owner, those record stores will stay there." But you're forgetting history.
When Musicland bought Licorice Pizza in the 80s and turned them all into Sam Goodys you told us to relax, but look around, there are no Licorice Pizzas, Sam Goodys or Musiclands around here. It's hard to believe that in such a short time we have no more Aron's, no more Moby Disc.
Therefore we turn to the most spiritual man in popular music today, Matisyahu, who is captured here performing at the Tower Records in Northridge.
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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
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