The first step has been taken, and it is a giant step.

UNESCO: OFFICE IN BRASILIA

"This step has been taken in order to enhance the prospects of the restructured business continuing as a going concern, " said Nick Edwards, one of the joint administrators.

BBC: HMV to close 37 more stores in UK

"This step has been taken in order to enhance the prospects of securing the business' future as a going concern, " Nick Edwards, joint administrator at Deloitte, said.

BBC: HMV announces 66 store closures