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| | Tower Records Likely To File For Bankruptcy Soon | RockAndMetal.com |
 | | WEST SACRAMENTO, CA, USA - TOWER RECORDS, the pioneering record retailer that invented the music megastore, is likely to file for bankruptcy to aid a potential sale, a source close to the matter said today. |
 | | MTS Inc., the privately-held parent of the West Sacramento, Calif.-based record retailer, declined to comment on the possible Chapter 11 filing. |
 | | Tower Records, begun with a single store in 1960, the same year as the "Twist" dance craze, became internationally recognized for its in-store concerts and a deep selection of popular and obscure music. |
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