Calgary Phil Back in Black

“The Calgary Philharmonic Orchestra, which was forced into bankruptcy protection two years ago, said yesterday it has eked out its best operating surplus in a decade… The orchestra suspended operations in October, 2002, when it filed for court protection from its creditors and embarked on a $1.5-million fundraising venture to stay afloat. The orchestra streamlined operations, hired a new management team, cut musicians’ pay by 20 per cent and sought out new sponsors, donations and ticket buyers.”