Blockbuster Hangs "For Rent" Signs on 187 Stores

Blockbuster plans to close 182 stores over the next few months as it tries to emerge from bankruptcy, reports Bloomberg. The once-dominant movie rental chain faces competition from Netflix and, increasingly, from alternative video-on-demand providers. The store closures are in addition to the 1,000 locations shut down during the past two years. Next year, the company expects to emerge from bankruptcy with the help of new owners, including shareholder activist Carl Icahn.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald