I think they found a buyer...
On June 2, Handleman Company announced that it is exiting the music business in North America. Handleman will continue to operate in other businesses as usual as it explores opportunities to maximize value for the benefit of the Company’s stakeholders. Handleman’s other operations, which are not involved in or affected by this announcement, include Crave Entertainment Group, Inc. (“Crave”), a leading full-service distributor of video game software, hardware, and related accessories and a specialty video game publisher; Handleman UK Limited, a leading UK-based distributor and store merchandiser of books, music, computer games and other products; Artist to Market Distribution (“A2M”), an independent music distributor that works directly with branded artists and artists' management to streamline the supply chain and deliver new music product to the marketplace at a lower cost; and REPS LLC, a national in-store merchandiser. As previously announced, Handleman has retained the investment banking firm W.Y. Campbell & Company for the purpose of exploring a sale or other strategic options for Crave
