BLOCKBUSTER EARNINGS OFF 13%, REVENUES UP 20%

NEW YORK -- As predicted by analysts, Viacom here released first-quarter financials late last month that showed Blockbuster Entertainment, Dallas, had a 13% decline in earnings before interest, taxes, depreciation and amortization despite a 20% gain in revenues. Viacom attributed the decrease to advertising expenses on behalf of its market-share building campaign and a change in accounting procedures

NEW YORK -- As predicted by analysts, Viacom here released first-quarter financials late last month that showed Blockbuster Entertainment, Dallas, had a 13% decline in earnings before interest, taxes, depreciation and amortization despite a 20% gain in revenues. Viacom attributed the decrease to advertising expenses on behalf of its market-share building campaign and a change in accounting procedures caused by the shift to revenue sharing.

ts. Blockbuster is opening more supermarket d

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