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technologizer.com - 4/7/2009

The Death Knell May Be Ringing For Blockbuster

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The death knell may be ringing for Blockbuster. Today the video-rental giant admitted that if it cannot complete the financing deals that it is currently working on, there is a good chance the company may be forced to shut its doors. While the company last week said it was in the process of ...

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reuters.com - 4/7/2009

Blockbuster gets going concern notice: SEC filing

— reuters.com — LOS ANGELES (Reuters) - Blockbuster Inc ( BBI.N ), the largest store-based U.S. movie rental chain, said the risk that it may not complete a deal to amend its credit facilities raises "substantial doubt" about its ability to continue as a going ... (more) Blockbuster gets going concern notice: SEC filing

Comments vote downundo vote up Today @ PC World found this 4/7/2009found this

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msnbc.msn.com - 4/7/2009

Blockbuster says it may not be able to continue - U.S. business- msnbc.com

— msnbc.msn.com — NEW YORK - Movie rental company Blockbuster Inc. said Monday the risk that it may not complete financing deals raises “substantial doubt” about its ability to continue as a going concern. Dallas-based Blockbuster, which has struggled amid the rising ... (more) Blockbuster says it may not be able to continue - U.S. ...

Comments vote downundo vote up Gizmodo found this 4/7/2009found this

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electronista.com - 4/7/2009

Blockbuster may shutter in face of online

— electronista.com — Blockbuster yesterday submitted a US Securities and Exchange Commission filing that reveals the company doesn't believe it can continue business. The video store is no longer certain that it can remain a "going concern" and may have to stop ... (more) Blockbuster may shutter in face of online

Comments vote downundo vote up SlashGear found this 4/7/2009found this

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Blockbuster checking out?
CrunchGear — ... Video giant Blockbuster can’t get any money to save itself from bankruptcy. Thanks to years of heavy fighting with Netflix, the company has essentially spent itself into the ground and, thanks to the credit crunch, is looking at closing its doors. ...

Blockbuster Is On Its Deathbed [RIP?]
Gizmodo — ... continue breathing, since there are no assurances it can meet the conditions of a $250 million loan that's its current lifeline. And even if the loan keeps going it still not "may not have sufficient liquidity to finance the ongoing obligations of our business, which raises substantial doubt about our ability to continue as a going concern." So, uh, who didn't see this coming? Unlike Circuit City though, this doesn't exactly make me sad. [MSNBC via Technologizer, Image CipherSwarm/Flickr] ...