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(KGTV) — Guitar Center, the county's largest musical instrument retailer, is expected to file for Chapter 11 bankruptcy after reaching a deal to restructure its debt.According to Bloomberg, the retailer's restructuring plan aims to reduce its debt by 0 million. "With ten consecutive quarters of growth prior to the impact from COVID-19, we have been pleased with our resilient financial performance during these challenging times created by the pandemic," Guitar Center CEO Ron Japinga said in a statement. "As a result of this financial restructuring process, we will be better equipped to execute on and invest in our strategic growth initiatives and we will continue delivering through the strength of our brands, availability of our stores, customer-focused associate relationships, innovative music education programs and our expanding digital solutions."The plan includes 5 million in new investments from funds managed by the company's private equity owner Ares Management, the Carlyle Group, and Brigade Capital Management, Bloomberg reported.Filing for Chapter 11 would allow Guitar Center to keep operating while the company works to turn around its business performance. Employees and vendors would still be paid as usual under the move as well.The company's announcement adds that its services will not be interrupted during the debt restructuring, and that, prepaid lessons, rentals, gift cards, and all merchandise credits will still be honored.Guitar Center has three locations in San Diego County in San Marcos, La Mesa, and San Ysidro. 1567
(KGTV) - A Valley Center woman and her son are dead in an apparent drunk-driving crash in Austin, Texas that injured the woman’s husband and daughter.KVUE reported Guy Brasted, 41, was driving drunk and crossed the median of U.S. 183 on Saturday afternoon. Brasted’s Jeep struck a Fiat sedan, police said.Nancy Latulippe and her 14-year-old son Jackson died on impact. Latulippe’s husband Scott is in critical condition, relatives said. The couple’s daughter Keira was not seriously injured, according to relatives.The family issued a statement which said they "thank the community for their prayers and support. The family is surrounding Kiera with support. We continue to pray for Scotty's recovery. Nancy and Jackson are in our thoughts and prayers as we move forward. Scotty continues to fight. The family is asking that the community respect their privacy." Police said Brasted had a blood alcohol level of .203, more than double the legal limit. He’s in jail on 0,000 bond. 995
(KGTV) - Does Apple only let iPhones be seen in movies being used by good guys?According to one big-name director, the answer is yes.'Knives Out' and 'Star Wars: The Last Jedi' director Rian Johnson says Apple lets film productions use its products on screen. But villains can't have an iPhone on camera.So in mystery movies, he says anyone you see with an iPhone is not the killer.Apple has yet to comment.We should note, back in 2002, a Wired article stated that the good guys in '24' used Macs while the bad guys used Windows PC's. 542
(KGTV) — In-state tuition for the University of California system will not increase for the next academic year, UC President Janet Napolitano announced Wednesday.The university system says this is the seventh time in eight years tuition for California residents has not been increased.“We are optimistic about our strong partnership with the governor and the legislature and will work collectively to identify additional resources, in lieu of tuition revenues, to ensure that UC students can succeed,” said Napolitano.The estimated tuition for California residents during the 2018-19 academic year is currently about ,300 (living on campus) to ,400 (living off campus.) That includes tuition and fees, books and supplies, room and board, and personal expenses and transportation.For non-residents, it's about ,300 (on campus) to ,400 (off campus.)UC's tuition decision comes as the college system sets out a new slate of goals to achieve by 2030:Help 200,000 additional students earn a degree; Improve rates of timely graduation and degree attainment; Close graduation gaps for low-income, first-generation and underrepresented students; Increase graduate degrees to advance economic mobility and support industries critical to California; andRecruit and grow more diverse, accomplished faculty.“Accessibility and affordability represent UC’s core values as a public institution, and we need to provide this generation of students with the quality of education they deserve,” said UC Board of Regents Chair George Kieffer. “So this year, rather than raise tuition, we will once again join our students in advocating for additional resources from the state.” 1677
(KGTV) - Does a new cafe in China allow customers to eat and drink while playing with a half-dozen baby giant pandas?No.The pandas are actually chow chow dogs dyed to look like pandas.The owner insists the dogs are happy and healthy. But critics say dyeing dogs can be dangerous for their fur and skin.Dyeing pets became a full-blown craze in China in the early 2010's, but has since come under scrutiny by animal rights supporters. 440