Facebook

Twitter

iTunes

RSS

HEAR THIS HOUR'S UPDATE

« Claims for Unemployment Benefits Increase by 26,000 | Main | Slow Global Growth Causes Drop in Market »
Thursday
Mar102011

Last Chance for Blockbuster?

Blockbuster Inc.(NEW YORK) -- Thursday is a critical day for Blockbuster as the video rental chain must convince a federal bankruptcy judge in New York it deserves one more chance to survive.

Several movie studios are expected to tell the judge Blockbuster should be forced out of business. They're owed millions for and other products shipped to Blockbuster that never sold.

The video rental stores are losing money and the future for 20 thousand employees hangs in the balance. At least ten separate groups of investors may want to buy Blockbuster. The judge will decide whether the company is worth saving. 

Copyright 2011 ABC News Radio

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>






ABC News Radio