American Morning

Tune in at 6am Eastern for all the news you need to start your day.
March 30th, 2009
08:00 AM ET

Death by digital: Virgin Megastore folds

Lola Ogunnaike reports on the Virgin Megastore chain closing in the U.S.
Lola Ogunnaike reports on the Virgin Megastore chain closing in the U.S.

In another sign of the times, Virgin Megastore is shutting its doors.

The death of the CD was written long before the current financial crisis, but the economy may have been the final nail in the coffin.

Watch
Filed under: Business
soundoff (5 Responses)
  1. Sal Voce

    This is going to be a big loss.

    March 30, 2009 at 8:46 pm |
  2. Scott

    Yes, that's a great idea, democracy and government will solve all our problems. I nominate Barney Frank to be the next CEO of GM, now there's a guy who can put GM back in the black.

    March 30, 2009 at 9:25 am |
  3. Michael

    We have a 2005 Ford Taurus with 53000 miles. It needs a new transmission already. Ford warranty is for 3 years or 50000 miles. This is why we will never buy american made autos ever again

    March 30, 2009 at 8:37 am |
  4. Eric - Ft. Lauderdale

    I am in support of the President and in the forced resignation of GM CEO. For way to long, GM and Chrysler have been mismanaged and tons of money has been lost. This has been a chronic problem which unless drastic action was taken, this problem was never going to go away. As for the people protesting this move. Find a better thing to do this morning than complain.

    March 30, 2009 at 8:23 am |
  5. Poetic Pisces

    Strangely, I couldn't care less about newspapers shutting down across the country, but this makes me very sad.

    March 30, 2009 at 8:05 am |
« Back to main