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Blockbuster Finally Files For Bankruptcy

Blockbusted
It hardly comes as a surprise, but the big news this morning was Blockbuster filing for Chapter 11 bankruptcy. Under the arrangement, the failing video rental outlet would cut its debt from $1 billion to $100 million. Nothing is official, but it's expected that as many as 1,000 of the remaining 3,000 stores could be shuttered by year's end.

Tags: bankruptcy, blockbuster, media, rentals, top

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