| 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 reports $29,000 March EBITDA loss
By Caroline Salls
Pittsburgh, April 13 - Musicland Holding Corp. reported a $29,000 EBITDA loss for March on zero net sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.
The EBITDA loss decreased from a $58,000 February EBITDA loss, which was also on zero net sales.
The operating loss for March was $762,000, slipping from a $299,000 February operating loss.
The March net loss was $2.04 million, improved from a $3.97 million February net loss.
Cash on March 31 was $12.03 million, compared with $11.76 million on Feb. 28.
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.