Very happy! Congrats!

Very good news indeed

Quote:
To put minds at rest - particularly those of our competitors :-) - Source Interlink's board issued the following communique yesterday:

"We are pleased to inform you that on Friday, June 20, 2009 our company completed its reorganization. At the opening of business Monday morning, we began business afresh as a private company with significantly less debt and more capital resources."

As I said back in May when the Chapter 11 filing was first announced, it will now not just be business as usual but business _better_ than usual.

John Atkinson
Editor, Stereophile

A little scary when I first heard about the filing.

I was involved in the bailout of the auto sector north of the border here. Not sure a lot of people realise how close we came to losing some important NA industrial icons.

Kudos to political leaders across NA for making the hard decisions and keeping capital markets, banks and the auto industry afloat. I worked in a GM town for years - lot of serious audiophiles there.

Glad capital markets are opening up across NA enough for otherwise worthwhile enterprises to be able to access private sector debtor in possession financing and restructuring help.

Here's to the future of Stereophile!

And stay out of the Woolsworth!