It turns out Dish was a bit more confident in Blockbuster's rental stores than it should have been.
"We are committed to keeping the profitable stores open that are generating positive cash flow, but there are ones that aren't going to make it," Dish CEO Joe Clayton said in an interview published yesterday by Reuters. "We will close unprofitable stores. We will close additional stores."
After Dish bought Blockbuster last year for $320 million, Dish said it planned to keep 1,500 Blockbuster rental stores open and maintain 15,000 employees. Clayton told Reuters … Read more