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Musicland records $273,000 September EBITDA loss
By Caroline Salls
Pittsburgh, Oct. 11 - Musicland Holding Corp. reported a $273,000 EBITDA loss for September on zero net sales, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of New York.
The EBITDA loss declined from a $231,000 August EBITDA loss, also on zero net sales.
The operating loss for September was $196,000, compared with a $757,000 August operating loss.
The net earnings for September were $1.51 million, down slightly from $1.92 million in net earnings at the end of August.
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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