BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Tech Observer >  

Blockbuster Buying Circuit City For Buzzwords

Tech Observer

by Kevin Maney
Main
Rating Everything   More Head-scratching About Blockbuster-Circuit City

Recent Blog Posts

Links

Apr 14 2008 12:00am EDT

Blockbuster Buying Circuit City for Buzzwords

So Blockbuster says it wants to buy Circuit City, and hardly anybody can figure out why. (Let's see...you're in one dying business and so you go out and buy another dying business...)

There was hope that Blockbuster CEO Jim Keyes (who used to be CEO of 7-Eleven) would explain it all in this morning's conference call. Instead, he gave a seminar on empty business phrases, throwing around stuff about Blockbuster's "repositioning business model," convergence, digital content, and an "ultimate digital distribution" strategy. None of it explains why Blockbuster and Circuit City would be good camp buddies -- other than the vague hint that both stores can sell and rent DVDs and games.

Apparently Blockbuster shareholders don't think much of Keyes' idea. Before the markets even opened, Blockbuster shares were down 12%.

. □

Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.


Connect With Portfolio.com
Like Portfolio on Facebook

Come on, like us—you know you want to.

Follow Portfolio on Twitter

Follow us and if you're an innovative entrepreneur, we'll return the favor.

The Mix

Today's top stories, conversation starters, and the back nine business bites.

spotlight on

People & Ideas

Whisky To-Go-Go

Now there's a company that let's you taste your knowledge of fine blended Scotches by mixing a whisky of your own. Read More