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Blockbuster posts $16.1 million operating loss for Jan. 3 to Jan. 30
By Lisa Kerner
Charlotte, N.C., Feb. 28 - Blockbuster Inc. reported a $16.1 million operating loss for the period of Jan. 3 to Jan. 30 on $131.6 million in revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.
The figures compared to a $26.1 million operating loss posted for the period of Nov. 29 to Jan. 2 on $206.5 million in revenues.
The net loss for the January period was $23.6 million, widening from a $11.7 million net loss for the previous period.
The company had $68.6 million in cash and cash equivalents at Jan. 30, up from $66.2 million at Jan. 2.
Blockbuster, a Dallas-based provider of in-home movies and game entertainment, filed for bankruptcy on Sept. 23, 2010. Its Chapter 11 case number is 10-14997.
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