Tower Records demise leaves indie labels in lurch (Reuters)

LOS ANGELES (Hollywood Reporter) - Asked what he will do to make up for the business lost in the demise of music retailer Tower Records, the head of sales at one prominent independent record label responded with an almost excruciatingly long silence. "Man," added the executive, who declined to be identified. "I don't even know if I can answer that properly." The closure of Tower's 89 stores, after its October 6 auction sale for $134.3 million to liquidator Great American Group, will mark the ...