Debt, changing media habits topple Blockbuster

FILE - This July 23, 2006 file photo shows customers enter a Blockbuster video store in Dallas. The troubled video-rental chain Blockbuster Inc. filed for bankruptcy protection Thursday Sept. 23, 2010 as it tries to reorganize. (AP Photo/Ron Heflin, File)

September 23, 2010 6:11:20 PM PDT
Blockbuster Inc., once the dominant movie rental company in the U.S., filed for Chapter 11 bankruptcy protection on Thursday, reeling from mounting losses, rising debt and competitors that have better catered to Americans' changed media habits.