Friday, December 3, 2010

Louisville Orchestra Goes Bankrupt

Earlier this week, an anonymous donor helped the Louisville Orchestra make payroll. Clearly, the gift wasn't enough to help in the long term. Today, the orchestra filed for Chapter 11 bankruptcy.

This doesn't mean the end; it does, however, signal big changes as management throws itself on the mercy of the courts. In particular, it looks as if they want to cut the number of musicians to 55 from 71.

Because they're paid up to December 15, the orchestra will play their Nutcracker performances--they begin tomorrow--up to that date. How depressing.