NEWS FROM THE STANDARD |
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Posts
Aug 09 1999 12:00 AM PDT
Comings and Goings
Jan 04 1999 12:00 AM PST
PROFILE |
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The hills are alive with the sound of Muzak. The king of canned music, Muzak offers 60 music channels delivered via satellite (61% of business), local broadcast transmission, tapes, and CDs. The company counts retailers, grocery stores, hotels, office buildings, and factories among its 300,000 customers, and it's estimated that 100 million people hear Muzak tunes each day. In addition to providing music from genres such as classical, country, Latin, oldies, and contemporary, the company also sells, installs, and maintains equipment like sound systems and intercoms. Investment firm ABRY Partners owns about 67% of the company; radio station giant Clear Channel owns nearly 23%.
COMPETITION |
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DMX/AEI MUSIC (dossier)
TM Century, Inc. (TMCI)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 192.10
1-Yr. Sales Growth: 47.8%
Employees: 1,395
Revenue per employee: $137,706.09
KEY PEOPLE |
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William A. Boyd
CEO
Stephen P. Villa
CFO
CONTACT INFO |
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3318 Lakemont Boulevard
Fort Mill, SC 29708
US
Phone: 803-396-3000
Fax: 803-396-3077
Online: Web Site
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