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Blockbuster posts $26.1 million operating loss for Nov. 29 to Jan. 2
By Caroline Salls
Pittsburgh, Feb. 15 - Blockbuster Inc. reported a $26.1 million operating loss for the period of Nov. 29 to Jan. 2 on $206.5 million in revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.
The figures compared to a $15.3 million operating loss posted for the period of Nov. 1 to Nov. 28 on $142.6 million in revenues.
The net loss for the December period was $11.7 million, narrowing from a $42.1 million net loss for the previous period.
The company had $66.2 million in cash and cash equivalents at Jan. 2, up from $61.1 million at Nov. 28.
Blockbuster, a Dallas-based provider of in-home movies and game entertainment, filed for bankruptcy on Sept. 23. Its Chapter 11 case number is 10-14997.
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