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Report: Blockbuster Filing for Bankruptcy Soon (321 hits)

NEW YORK (AP) — Troubled video-rental chain Blockbuster Inc. could file for bankruptcy protection as early as Wednesday, according to a Wall Street Journal article. Citing unnamed sources, the Journal said Blockbuster is working with creditors to develop a bankruptcy restructuring plan that would free it of debt and allow the company to keep some stores open and focus more on digital distribution.

http://www.blackamericaweb.com/?q=articles...

Posted By: Jen Fad
Thursday, September 23rd 2010 at 10:51AM
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