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Musicland reports $2,000 May EBITDA
By Caroline Salls
Pittsburgh, June 19 - Musicland Holding Corp. posted $2,000 in EBITDA for May on zero net sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.
The operating loss for the month was $198,000, and the May net loss was $138,000.
Cash on May 31 was $11.73 million.
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.
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