Movie-rental chain Blockbuster Inc. sent letters to its landlords around the country in January saying that company real-estate representatives would be in touch. “It is imperative that you respond to their call expeditiously and favorably,” the letter reads. The topic: Blockbuster, struggling under a mountain of debt, wants rent reductions of as much as 30% and early lease terminations at thousands of its outlets.
March 10, 2009, WSJ

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