Posted Tue Apr 26, 2011 at 07:00 AM PDT by Dick Ward
The folks at Dish Network are closing down a majority of Blockbuster stores, but the big decision will wait until July.
When Dish won the bid for Blockbuster earlier this month, it put a lot of new work on their plate, not the least of which is deciding which Blockbuster stores to keep open and which to close. Dish now owns 1,700 Blockbuster stores, and is planning to close around two thirds of them.
There's a lot to think about when deciding which store to keep open, and it's a decision that Dish isn't taking lightly. Many of these stores have outstanding leases and all have both associated costs and associated personnel. Dish says that it's picking up the tab for these costs, including vacation days.
The bankruptcy judge in charge of the case has issued Dish a 90 day extension from the original deadline to sort things out. They'll be expected to have reached a decision by July 21.
Source: Home Media Magazine
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