Source Interlink

  1. How Citigroup Outfoxed Guy Hands In Its Takeover Of EMI

    February 03, 2011 2:15 PM EST While press reports on Citigroup's takeover of EMI are rife with phrases about how the bank "seized control" (New York Post) in a "surprise move" (Los Angeles Times) that apparently caught Terra Firma chairman Guy Hands of ...

  2. Private Groups Acquire Alliance Ent.

    September 01, 2010 12:00 AM EDT Alliance Entertainment, the second largest music wholesaler in the United States, has been acquired by two private equity firms, Platinum Equity and the Gores Group. Financial terms of the transaction were not disclosed. Alliance Entertainment is ...

  3. Source Interlink Files 'Pre-packaged' Chapter 11

    April 28, 2009 12:00 AM EDT Source Interlink, which owns Alliance Entertainment, has filed a "pre-packaged" Chapter 11, that will wipe out current shareholders holders, see a consortium of banks led by Citigroup Global Markets, Inc. and J.P. Morgan Securities conve ...

  4. Magazine Distributors Clash With Publishers

    February 05, 2009 12:00 AM EST The parent companies of Anderson Merchandisers and Alliance Entertainment -- the two largest music industry wholesalers -- are caught up in a high stakes and high profile spitting contest with the biggest U.S. magazine publishers. In a move initia ...

  5. Source Interlink Reports $36.6M Quarterly Loss

    December 10, 2008 12:00 AM EST Source Interlink, the parent of Alliance Entertainment, reported a $36.6 million loss, or 70 cents per diluted share on sales of $591.7 million in the three-month period ended Oct. 31. That compares with a $4.5 million loss, or nine cents per shar ...

  6. Source Interlink Shrinks Staff Amid Restructuring

    December 09, 2008 12:00 AM EST Over the last few months, Source Interlink has let go several hundreds of employees as part of a merger of its magazine distribution operations and its Alliance Entertainment division into one business. The divisions merged under the leadership of ...

  7. Flegel Steps Down At Source Interlink

    November 13, 2006 12:00 AM EST Duckworth named chairman. In a surprise move, Source Interlink founder S. Leslie Flegel has resigned as chairman/CEO. No reason was given for his departure. According to a company press release issued today (Nov. 13), the board named Michael Duckw ...

  8. Tower Records Files For Bankruptcy

    August 21, 2006 12:00 AM EDT Tower Records filed a Chapter 11 petition in federal bankruptcy court yesterday (Aug. 20). The owners want the court to facilitate a prompt sale of their business "as a going concern" so that a buyer MTS Inc. and all of its subsidiaries, ...

  9. Source: Alliance, Tower To Have New Ownership Soon

    June 09, 2006 12:00 AM EDT Bids due June 9 for Tower. Two of the largest accounts in the music business may soon have new owners. Sources say that publicly traded Source Interlink, the parent of Alliance Entertainment Corp. (AEC), is being shopped by Deutsche Bank Securitie ...

  10. Source Interlink Releases Q3 Financials

    December 14, 2005 12:00 AM EST Company posted a net income of $6.1 million. Source Interlink posted a net income of $6.1 million, or 11 cents per diluted share, on sales of $425.9 million, in its fiscal third quarter ended Oct. 31. Last year, in the corresponding period, the co ...

  11. Retail Track

    June 14, 2005 12:00 AM EDT Two of the music industry's biggest wholesalers, Navarre and Source Interlink, posted decent results for their recently completed fiscal quarters. Read Ed Christman's column. Two of the music industry's biggest wholesalers, Navarre ...

  12. Retail Track

    June 14, 2005 12:00 AM EDT Two of the music industry's biggest wholesalers, Navarre and Source Interlink, posted decent results for their recently completed fiscal quarters. Read Ed Christman's column. Two of the music industry's biggest wholesalers, Navarre ...

  13. Retail Track

    June 14, 2005 12:00 AM EDT Two of the music industry's biggest wholesalers, Navarre and Source Interlink, posted decent results for their recently completed fiscal quarters. Read Ed Christman's column. Two of the music industry's biggest wholesalers, Navarre ...

  14. Venture Capital Firm Acquires Muze

    May 18, 2005 12:00 AM EDT Management to remain in place. Muze, one of the two main providers of music data content to online and brick-and-mortar retailers, has been sold to Enterprise Partners Venture Capital, a firm that invests in technology companies. Terms of the deal ...

  15. Retail Track

    April 12, 2005 12:00 AM EDT In the continuing market-share war among wholesalers, Alliance Entertainment Corp.--now owned by magazine wholesaler Source Interlink--scored a big hit when it landed 400 Kmart stores. Read Ed Christm In the continuing market-share war among whole ...

  16. Retail Track

    April 12, 2005 12:00 AM EDT In the continuing market-share war among wholesalers, Alliance Entertainment Corp.--now owned by magazine wholesaler Source Interlink--scored a big hit when it landed 400 Kmart stores. Read Ed Christm In the continuing market-share war among whole ...

  17. Retail Track

    April 12, 2005 12:00 AM EDT In the continuing market-share war among wholesalers, Alliance Entertainment Corp.--now owned by magazine wholesaler Source Interlink--scored a big hit when it landed 400 Kmart stores. Read Ed Christm In the continuing market-share war among whole ...

  18. Retail Track

    December 06, 2004 12:00 AM EST The proposed merger between Alliance Entertainment Corp. and Source Interlink shows much potential for growth. Read Ed Christman's column. The proposed merger between Alliance Entertainment Corp. and Source Interlink shows much potential for ...

  19. Retail Track

    December 06, 2004 12:00 AM EST The proposed merger between Alliance Entertainment Corp. and Source Interlink shows much potential for growth. Read Ed Christman's column. The proposed merger between Alliance Entertainment Corp. and Source Interlink shows much potential for ...

  20. Retail Track

    December 06, 2004 12:00 AM EST The proposed merger between Alliance Entertainment Corp. and Source Interlink shows much potential for growth. Read Ed Christman's column. The proposed merger between Alliance Entertainment Corp. and Source Interlink shows much potential for ...

  21. Retail Track

    November 15, 2004 12:00 AM EST Alliance Entertainment Corp. and magazine wholesaler Source Interlink are negotiating a merger, sources say, with the combined companies' revenue estimated at $1.5 billion. Read Ed Christman's column. Alliance Entertainment Corp. and mag ...

  22. Retail Track

    November 15, 2004 12:00 AM EST Alliance Entertainment Corp. and magazine wholesaler Source Interlink are negotiating a merger, sources say, with the combined companies' revenue estimated at $1.5 billion. Read Ed Christman's column. Alliance Entertainment Corp. and mag ...

  23. Retail Track

    November 15, 2004 12:00 AM EST Alliance Entertainment Corp. and magazine wholesaler Source Interlink are negotiating a merger, sources say, with the combined companies' revenue estimated at $1.5 billion. Read Ed Christman's column. Alliance Entertainment Corp. and mag ...

  24. Sources: Yucaipa's Alliance In Merger Talks

    November 11, 2004 12:00 AM EST Deal with Source Interlink seen as good fit. Deal with Source Interlink seen as good fit. News ...