Another One Bites the Dust: TVT

TVT Records, former dysfunctional home of Trent Reznor's Nine Inch Nails and currently hosting the likes of Lil John and The Polyphonic Spree, is the most recent victim of the downturn in music biz fortunes: the New York City-based label has just filed for Chapter 11 bankrupcy. While sources say TVT plans on releasing new albums by its artists, the financial crunch will absolutely put a damper on their activities.