More Trouble For Blockbuster
More signs of trouble for Dallas-based Blockbuster. The company disclosed in a filing that it must hiring a Chief Restructuring Officer in the next five days as part of an agreement with it’s debt holders. The stipulation is part of a six week extension on an interest payment. The Morning News reports that the move will likely mean more layoffs and other cost-cutting measures are ahead. Just yesterday, Blockbuster was de-listed from the New York Stock Exchange.