Muzak Sold For $345 Million

image from t2.gstatic.com Who knew there was so much money in background music? The sector's top provider in the U.S. Muzak has been sold to its Canadian competitor Mood Media for a whopping $345 million.  The move makes Mood a global competitor, and comes at a time when background music is getting increased competition from everything from satellite radio to an employee's iPod plugged into a sound system.

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