Mudcat Café message #1858377 The Mudcat Café TM
Thread #95324   Message #1858377
Posted By: Joe Offer
13-Oct-06 - 09:08 PM
Thread Name: Tower Records - to be liquidated (and rise again)
Subject: RE: Tower Records - to be liquidated
There's a front-page story in today's Sacramento Bee that says that Tower Records founder Russ Solomon says he is "busy as hell" finding investors and putting together a one- or two-store retail music business, to be called "Resurrection Records" - Solomon is 81, but still going strong. For old times' sake, I hope he succeeds. The best aspects of Tower Records were pretty darn good, especially here in the Sacramento area.
The business section says that the Tower Website has been sold to Norton LLC of San Francisco, which produces the rock music radio show King Biscuit Flower Hour. Norton also owns a large collection of rock memorabilia and concert recordings accumulated by promoter Bill Graham. the Website will apparently be the only entity with the Tower trademark to survive the liquidation. Transfer of ownership of the Website hasn't taken place yet, but now it's ready to happen.