| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for Musicland Holding Corp. > News item |
Musicland posts $78,000 December EBITDA loss
By Caroline Salls
Pittsburgh, Jan. 19 - Musicland Holding Corp. reported a $78,000 EBITDA loss for December on zero net sales, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.
The EBITDA loss declined from a $344,000 November EBITDA loss.
The operating loss for December was $4.75 million, up from an $835,000 November operating loss.
The December net loss was $2.3 million, up from a $602,000 net loss for November.
Cash on Dec. 31 was $12.31 million, compared with $28.22 million on Nov. 30.
Musicland, a Minnetonka, Minn., specialty retailer of pre-recorded entertainment software products, filed for bankruptcy on Jan. 12, 2006. Its Chapter 11 case number is 06-10064.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.