38% of Remaining Blockbusters to Close

With 3K employees getting the ax

By Kate Seamons, Newser Staff

Posted Jan 22, 2013 7:03 AM CST

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38% of Remaining Blockbusters to Close — This July 23, 2006 file photo shows customers enter a Blockbuster video store in Dallas. (AP Photo/Ron Heflin, File)

The latest news for Blockbuster is more of the same: Bad. Some 300 of the remaining 800 Blockbusters operating in the US are to be closed, Dish Network announced yesterday. That company acquired the floundering video-rental chain in 2011, and shuttered 500 stores last year. The latest round of closures will see about 3,000 workers lose their jobs, and target poor-performing locations and those approaching the end of their lease, reports the Denver Post. Dish "continues to see value in the Blockbuster brand, and we continue to analyze the store-level profitability," says a Dish spokesman. Click for more on Blockbuster's woes. (Read more videos stories.)