Dish to close 300 Blockbuster stores, 3,000 jobs may be lost

The sign in the lobby of the corporate headquarters of Dish Network is seen in the Denver suburb of Englewood(Reuters) – Dish Network Corp plans to close 300 Blockbuster stores in the United States in the coming weeks and could lay off as many as 3,000 employees, a move that comes days after the DVD rental firm's UK unit went into administration. Dish is trying to shed unprofitable Blockbuster outlets as online retailers like Amazon.Com Inc and download sites like Apple Inc's iTunes eat away at Blockbuster's business model. The potential job cuts represent about 40 percent of Blockbuster's U.S. workforce of 7,300 people. …

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