"The world-renowned Philadelphia Orchestra, long considered one of the best in the nation, will be filing for Chapter 11 bankruptcy protection — an apparent first in recent history for a major U.S. orchestra. ...
The Philadelphia Orchestra, which rose to national prominence under conductors Leopold Stokowski and Eugene Ormandy, has traditionally been considered one of the "Big Five" American orchestras along with those in New York, Chicago, Boston and Cleveland."
Read : http://news.yahoo.com/s/ap/20110417/ap_en_ot/us_philadelphia_orchestra_finances.
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