Blockbuster’s Financials Worse Than Expected. But It Does Get Debt Repayment Extension.
Now we know why Blockbuster put off announcing its second-quarter financials last night: Says the downtown-based video-and-game-rental giant (well, once), it was getting its noteholders to sign off on a deal allows the company to keep $42.4 mil in debt payments for another few weeks. That’s what Blockbuster owes –…