Blockbuster scraps its plans to take online unit public

Article Abstract:

Blockbuster Inc. has terminated its plans to take its Blockbuster.com online unit public. The company attributed the plan's termination to the development of its electronic entertainment services strategy.

Strategy & planning, Planning

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Dissident Investor Icahn Wins Board Seats at Blockbuster Shareholders, Hedge Funds Back Financier's Challenge In Rebuke to CEO Antioco

Article Abstract:

Carl Icahn gained election to the Board of Blockbuster Inc. His election was a defeat for Chairman and Chief Executive John Antioco. Icahn's victory illustrates the growing influence of hedge funds.

Executive changes & profiles, Officials and employees, Corporate directors, Elections, Icahn, Carl C.

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Blockbuster plans to take a charge of $450 million

Article Abstract:

Blockbuster Inc. announced that it will assume an approximately $450 million (497 million euros) charge. The company is attempting to expand its DVD selection line.

Sales, profits & dividends, Finance

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