Wednesday, November 09, 2005

Blockbuster reports $491 mil loss for third quarter

Blockbuster Inc. on Tuesday posted a hefty third-quarter loss of $491.4 million, thanks in part to tighter margins due to cutting late fees. The movie-rental giant, led by CEO John Antioco, left, reported revenue of $1.39 billion. NO MORE LATE FEES! Let's see how long this lasts... Shows how much friggen money they were making off late fees anyways.

read more | digg story

1 comment:

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