Critic's Corner

Posted by Rick W (A) on June 24, 2009 at 14:33:07

In Reply to: RE: RE: Stereophile Parent Emerges from Chaper 11 posted by John Atkinson on June 24, 2009 at 10:25:37

I tend to agree with Chris O's last comment in the thread you linked. I put "reorganize" in quotes because your parent company's inability to pay its debt - leading to Chapter 11 and resulting in having a bank owning S'phile and SIM's other assets - does not imply "business_better_than usual" for those assets. Hence my question.

Please don't react in a knee-jerk manner, as that self-appointed defender of the hifi industry Bruce did. My original question was not coming from an anti-Sphile agenda, nor am I anti-you.

Edits: 06/24/09   06/24/09

• RE: Hey, I hope S'phile lives long and prospers, but you diverted rather than answer my question. - John Atkinson 15:05:19 06/24/09 (2)
  In Reply to: RE: Hey, I hope S'phile lives long and prospers, but you diverted rather than answer my question. posted by Rick W on June 24, 2009 at 14:33:07

  > I put "reorganize" in quotes because your parent company's inability to
  > pay its debt - leading to Chapter 11 and resulting in having a bank
  > owning S'phile and SIM's other assets - does not imply "business
  > _better_ than usual" for those assets.
  
  As I said in the General Asylum thread I linked to elsewhere today, the
  reduction of the parent company's debt load from $1.5 billion to $500
  million dramatically reduces the pressure on each division to generate
  short-term revenue to meet debt repayment obligations regardless of
  adverse longer-term effects of that pressure. A manager like myself can
  thus return to spending more time looking outward rather than inward, to
  spending more time on strategic issues rather than tactical ones. Hence
  my use of the phrase "business _better_ than usual."
  
  John Atkinson
  Editor, Stereophile
  
  

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  • Thanks, John. Now I understand. nt - Rick W 15:22:57 06/24/09 (1)
    In Reply to: RE: Hey, I hope S'phile lives long and prospers, but you diverted rather than answer my question. posted by John Atkinson on June 24, 2009 at 15:05:19

    nt
    

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    • You're welcome. nt - John Atkinson 17:28:00 06/24/09 (0)
      In Reply to: RE: Thanks, John. Now I understand. nt posted by Rick W on June 24, 2009 at 15:22:57

      
      John Atkinson
      Editor, Stereophile
      
      

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