It's true... HMV have gone into administration.
HMV were idiots - for probably the last 15 years they've been complete idiots. The CEO, Simon whatshisface thought he understood "the music industry", but he only understood the industry from maybe the 1980s, and he definitely didn't understand what people actually want. As a cow-orker just said to me, "it's amazing these companies don't evolve".
It might have got what it deserved, but having spent many a happy hour of my teens and early 20s in HMV stores, my nostalgia gland is still sad they're gone.