Monday, March 28, 2011

Elevator Music

Here is a word you may not have heard in awhile- Muzak. Muzak was sold to its only competitor today for $345 million. First off, when was the last time you heard Muzak, and who knew it was even possible to have a competitor to "elevator music". I have not heard Muzak in, I don't know how long. Second, how is that kind of company worth $345M when they are $200M in debt?

http://new.music.yahoo.com/blogs/amplifier/88759/muzak-sold-for-a-soothing-345-million/

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