Monday, November 10, 2008

Breaking News: Blockbuster Loses Less Money

Given the general economic climate, not to mention the collision course with obsolescence that video rental stores are on, this is cause for much rejoicing at Blockbuster HQ.

Blockbuster reported lower sales and a reduced net loss for its third quarter, ended Oct. 5.
Total revenues for the third quarter decreased 2.7 percent, or $33.6 million, to $1.20 billion, as compared with $1.24 billion in the third quarter of last year.
Net loss for the quarter narrowed 48.3 percent to $17.8 million, as compared with a net loss of $34.4 million the third quarter of last year.

Sometimes you just have to be happy with what you've got.

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