A lot of people in the music biz -- not to mention regular music fans -- were shocked by reports that surfaced last week to the effect that all or part of Tower Records' Japanese operations will be sold.
Although Tower has no comment to make concerning the reports, I am reliably informed that the reports are true.
So why would Tower want to sell its Japanese stores (of which there are now 51)? Who might the buyer(s) be? And what will happen to Tower's stores in Japan?