Blockbuster loss widens on charge

Dallas Blockbuster said that its fourth-quarter loss widened on a massive charge related to the diminished value of certain assets. The company lost $435 million, compared with a loss of $359.8 million in the year-ago period, which also included an impairment charge. Excluding items, Blockbuster said its adjusted net loss was $44.3 million.

Revenue fell to $1.08 billion from $1.31 billion. Same-store sales plunged 16%.