elevator musicThe downward spiral that is the economy isn’t all bad. Sure people are losing their life savings, their jobs, even their homes.

On the bright side, Muzak (theĀ  company responsible for those incessant “cool jazz beats” you hear at the grocery store, mall, and of course elevators) filed for Chapter 11 bankruptcy this week.

But Muzak isn’t ready to face the music just yet. Despite being $100 million to $500 million in debt, CEO Stephen P. Villa insists, “Muzak is a solid business with an outstanding customer base… we firmly believe that this course of action will better position Muzak for long-term success.”