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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) — Businesses closed in preparation for Disneyland's plans for a 700-room hotel now face an uncertain future.A handful of Downtown Disney businesses closed as part of Disneyland's plans for the luxury hotel that would have been built in the district's west end.AMC 12 Theatres, Rainforest Cafe, ESPN Zone, Earl of Sandwich, Alamo Rent-a-Car, and the west-end Starbucks were all closed to make room for the hotel.RELATED: Disneyland pulls plug on luxury hotel, citing loss of tax breaksA Disney spokesperson told 10News that Earl of Sandwich had reopened as of Oct. 1.Despite this, the future of the businesses is uncertain, the spokesperson noted, "Downtown Disney continually changes and new and exciting things are always happening. With this recent change, our team is working with the Imagineers on several different exciting options for the West end of the district."They did not say whether those businesses would reopen with the hotel project canceled.Renderings of Disneyland's proposed luxury hotelThe Anaheim City Council voted to cancel tax-incentive for the project in August, citing changes to the project, including a new location. City officials said they were worried the new location would shutter businesses and cost jobs.Disney officials denied making substantive changes and said the shift in location was minor and still in the same general area.RELATED: Disneyland agrees to pay its workers an hourDisney spokeswoman Lisa Haines told the Los Angeles Times the cancellation of the project "is disappointing for many, the conditions and agreements that stimulated this investment in Anaheim no longer exist and we must therefore adjust our long-term investment strategy."Construction was set to begin this summer, with the hotel opening in 2021. 1798

(KGTV) — A magnitude 6.6 earthquake shook parts of the Southern Philippines Tuesday morning local time, weeks after another deadly quake struck the region.Tuesday's quake hit just after 9 a.m. on the island of Mindanao near the town of Tulunan in North Cotabato, according to the Philippine Institute of Volcanology and Seismology.Damages and aftershocks were expected, CNN reported, and several evacuations were reported.The earthquake comes about two weeks after a 6.3-magnitude quake killed seven people and injured dozens in the same town in North Cotabato, CNN reported. 583

(KGTV) - California regulators are considering a plan to charge a fee for text messaging on mobile phones to help fund programs that make phone service accessible to the poor.The California Public Utilities Commission (CPUC) is set to consider the proposal in a vote scheduled for next month, according to The Mercury News. It's not clear how much mobile phone users would be asked to pay under the proposal, but it would likely be billed as a flat surcharge, not a per-text fee, according to the paper.And wireless industry and business groups are not "LOLing." The groups are reportedly already trying to defeat the proposal before it makes its way to the commission.“It’s a dumb idea,” Jim Wunderman, president of the Bay Area Council business-sponsored advocacy group, told the Mercury News. “This is how conversations take place in this day and age, and it’s almost like saying there should be a tax on the conversations we have.”The new surcharges could generate a total of about .5 million a year, according to business groups. The same groups warned that under the proposal's language, the charge could be retroactively be applied for five years, totaling more than 0 million for consumers, the paper reported.Click here for a look at the proposal.The proposal argues that the state's Public Purpose Program budget has increased from 0 million in 2011 to 8 million in 2016, while revenues funding the program from the telecommunications industry saw a "steady decline" from .5 billion in 2011 to .3 billion in 2017.The report calls this "is unsustainable over time."In a statement to the Associated Press, CPUC spokeswoman Constance Gordon said, "from a consumer's point of view, surcharges may be a wash, because if more surcharge revenues come from texting services, less would be needed from voice services." 1845

(KGTV) — Back to school season brings its share of necessities for parents to consider purchasing for their teens.School supplies of every sort, clothes, makeup and deodorant. You know, teenager stuff.There are plenty of things that teens will need to kick the school year off right. But there are also some gadgets that are just too cool to pass up — and can help teens stay organized at school.Here are some cool gadgets that will help them ease through each day:Wearable braided headphones (Amazon, .99)These headphones wrap up into a fashionable, braided bracelet, solving the issue of tangled headphones and making it easy to stow headphones once class starts.Lightning port-USB thumb drive (Amazon, ,81)Teens will likely be on their phones most of the school year — let's admit that now — so to keep things tidy, a lightning port-USB drive will help. It can give teens the extra space on their phone needed for lesson notes.Surge protector outlet disc (Amazon, .99)When it comes to electronics, teens have a lot. Especially when a study session is in play and everyone seems to need an outlet. This 6-outlet charging station with two USB ports can take care of those charge-up woes instantly.Wave smart notebook (Amazon, .96)Rocketbook has solved one of the age-old school problems, running out of note taking room. Their Wave smart notebook takes care of that by allowing users to convert pages of notes into PDF files. Then to clear the pages, just toss the notebook into the microwave and the notes magically disappear.Tile key finder (Amazon, .97)Does your teen seem to lose everything? Many do. That why a Tile card can be so helpful. Keep track of keys, backpacks, music class instruments, whatever! Tile squares will help you track your items down (within a certain range.) 1824

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