Blockbuster Files for Bankruptcy - NYTimes.com

Blockbuster Files for Bankruptcy - NYTimes.com: "Blockbuster, the video rental chain, on Thursday filed for Chapter 11, hoping to slash its hefty debt load and retrench in the face of competition from rivals providing online and mail-based services.Blockbuster has reached an agreement with its senior bondholders to cut its debt by roughly 90 percent, to about $100 million, by exchanging bonds for