*Who needs 'em? They're not "media," but the media structure that formerly supported rock and roll stars, yeah, that was "media." And it's dead. So the guitars are collateral damage.
Guitar makers going broke, newspaper style
World-famous guitar maker Gibson, whose instruments have been played by the likes of John Lennon and Elvis Presley, is facing serious financial problems that threaten its very existence.
The mythical company – in Nashville, Tennessee since 1894 – on Monday brought in a new financial director, Benson Woo, to try to rescue the ailing group.
Gibson Brands, which also sells audio systems for both professionals and the general public, is working with an investment bank to set up a debt refinancing plan, the company said in a statement.
The group has a $375 million debt payment due in early August, the Nashville Post reported....
