The pennies have finally run out for Columbia House. According to the
Wall Street Journal, the one-time billion dollar company has filed for chapter 11 bankruptcy protection after decades of declining revenue. In a statement released, the former mail-order music club titan essentially blames the increased use of digital and streaming services as the ultimate cause for its demise (ya think?)
This article has moved to The Retro Network. Click
here to continue reading...
Follow RD80s on Social Media