HMV: Is this the end of His Master's Voice?

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HMV has been trying to turn the business around, in recent weeks.
HMV has been trying to turn the business around, in recent weeks. Photo: ITV News

I understand that after weeks of trying to turn things around, tomorrow HMV will throw in the towel and appoint administrators, Deloitte.

As we reported last week the firm had started a massive discounting campaign in a last minute attempt to generate cash for the business.

Read More: HMV warning as sales tumble

But after admitting several weeks ago that they might not be able to meet the terms of the deal with their banks, after meeting tonight the company has, I'm told, decided that bringing in administrators is the sad, but best course of action.