Circuit City Officially Being Liquidated?

Given the nature of earlier reporting on the subject, I suppose there is a chance that the news circulating about Circuit City's demise could, in fact, be incorrect; however, also given that the sources for the more recent reports, it officially appears that Circuit City is to be liquidated.

• http://money.cnn.com/2009/01/16/news/companies/circuit_city/
• http://www.reuters.com/article/newsOne/idUSTRE50F1VW20090116
• http://www.google.com/hostednews/ap/article/ALeqM5irmWZmMlki7isG4T9NmoHzSlAMJwD95OB3BG6

Without a doubt, this is definitely a sad day for the 35,000 employees of Circuit City, all of whom will be out of work as soon as the liquidation process is completed.