Sign up for newsletter
 

Country Thunder Records folds

Monday, March 16, 2009 – Country Thunder Records, the home of Heartland, closed today, a victim of the stock market downturn.

"It's not a fun deal," said Herb Graham, who started the Nashville-based label. Graham cited the economy as the reason for the decision.

Heartland, who had a number one hit with I Loved Her First for Lofton Creek in 2006, never released an album for Country Thunder. Others on the label included Shawn Hammonds, Bluefield and Burns & Poe, a duo consisting of Keith Burns of Trick Pony fame and Michelle Poe, who once had a solo recording contract and played bass for Dierks Bentley.

"The biggest thing I was running this record label off my portfolio, which would be my dividends," he said. "My dividends were cut by about 85 percent on my stock. Also, I think the value (of my investment) is 69-70 percent is gone."

"I'm looking at it, and I'm thinking is it going to get worse?" Graham said. "Personally I feel it may have bottomed out, but if it don't, where do I drop the bleeding?"

"At this point, I just have to use my CDs (certificates of deposit) to run," he said.

He said he employed about 10 people for the label and laid off five. "I had a tremendous amount of money going out," Graham said. He said it was not an easy decision. "No. I'd been thinking about it."

"I really hated that I let people down and the company," he said. "You run a lot more with emotion in music."

"I'm really fortunate that my other businesses re holding up relatively well," he said. He said he owns nightclubs in Tennessee, Texas, Louisiana, New Mexico, Arizona, Kansas and Oklahoma.

Graham also managed Trick Pony and Billy Dean. He currently manages Rio Grand, who are on Curb Records. He owns a publishing company with seven writers.

More news for Heartland

CD reviews for Heartland

I Loved Her First CD review - I Loved Her First
Blending acoustic guitars, colorful traces of fiddle and Southern rock instrumentation augmented with little dabs of soul, Heartland's 11-song debut highlights snappy execution and catchy hooks galore. The Alabama-based ensemble consists of vocalist Jason Alberts, guitarists Craig Anderson and Mike Myerson, bassist Keith West, fiddler Chuck Crawford, and drummer Todd Anderson. Despite the presence of several guest musicians, their sound is appealingly lean and in-the-groove, especially on »»»
Editorial: Walking the talk – When names like Hank Williams, Johnny Cash, Waylon and the Hag are invoked, you're talking hard core country. These are the touchstones of country , the guys who made country music what it was and still is (or maybe can be). When these folks would sing about being down-and-out and the rough-and-tumble, they knew of what they were singing about. Fast forward a few years to the country singers of today. »»»
Concert Review: Lauderdale states his case – For the uninitiated, Jim Lauderdale may have seemed like a huge name dropper. When you casually mention how you have worked with Ralph Stanley, Solomon Burke, Buddy Miller, Nick Lowe, Robert Hunter, the North Mississippi All Stars and Elvis Costello and have a radio show on Sirius/XM satellite radio during a concert, one may liken it to Lauderdale... »»»
Concert Review: Queen Taylor wears her crown well – When Taylor Swift brought Natalie Maines of Dixie Chicks on stage to sing "Goodbye Earl," it meant more than just another star guest, on an already celebrity-packed, five-night attendance record-breaking Los Angeles concert run. This duet also brought into clear focus the truth that Swift's huge success unintentionally fulfilled the... »»»
Subscribe to Country News Digest Country News Digest      Follow Country Standard Time on twitter CST      Visit Country Standard Time on Facebook CST

Elsewhere in the news

Currently at the CST blogs

No matter what you say, it's The Deslondes In the spirit of hard-hitting journalism, it seemed logical to ask Deslondes vocalist/guitarist Riley Downing the Mike-Wallace-from-60-Minutes question that has to be on everyone's mind: How the hell do you say the New Orleans-based band's name? "It's pronounced 'dez lawn,'" says Downing. "I know there's different ways that people have pronounced it over the course of history...... »»»
Watkins Family make time From their first, self-titled, major label release, the Allison Krauss-produced, "Nickel Creek," two-thirds of that trio - musical siblings Sara and Sean Watkins - have been in the musical spotlight continually since 1999. As for working with her brother off and on for most of their lives, Sara says, "We have been lucky...... »»»
Milk Carton Kids find themselves on "Monterey" Joey Ryan, half of acoustic folk duo the Milk Carton Kids, is girding his loins for the long trip from the band's Los Angeles home base to Australia. Although he's made this trip before, he's yet to acclimate completely to it.... »»»
Start Here CD review - Start Here
Maddie & Tea (aka Madison Marlow and Taylor Dye) start their biggest song "Girl in a Country Song" with a warning, "No country music was hurt in the making of this song." That warning also applies to the remaining 10 songs, which is about as country sounding as music seems to get these days for most artists.  »»»
Fables CD review - Fables
Sometimes it's all too evident. You hear an artist for the first time and you know he or she is destined to etch their imprint. That's the case with David Ramirez, whose new album "Fables" is one that plucks at the heartstrings and creates an impression that continues to reverberate long after the music finally fades away. »»»