Dish Takes Writedown on UK Blockbuster Stores

Features Reuters

Dish Network Corp said on Friday it is writing down the assets of its Blockbuster stores in the United Kingdom, resulting in a pretax charge of $46 million for 2012, according to a regulatory filing.

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Blockbuster, the challenged video rental retailer, said in January it was shutting about a quarter of its 528 stores in the UK and slashing 760 jobs out its 4,190 employees.

Dish Network plans to release its fourth-quarter results on Feb. 20.