RENTRAK MULLS WAY TO CUT BLOWOUT STAKE

PORTLAND, Ore. -- Rentrak here is reviewing ways it might reduce its stake in fast-growing Blowout Entertainment. Blowout operates a total of 181 video rental departments in Wal-Mart and Kmart supercenters and Ralphs supermarkets. The move is part of a corporate restructuring that aims to leave Rentrak with only one operating business: the distribution of video rental cassettes on a shared transaction

PORTLAND, Ore. -- Rentrak here is reviewing ways it might reduce its stake in fast-growing Blowout Entertainment. Blowout operates a total of 181 video rental departments in Wal-Mart and Kmart supercenters and Ralphs supermarkets. The move is part of a corporate restructuring that aims to leave Rentrak with only one operating business: the distribution of video rental cassettes on a shared transaction fee basis, said Ron Berger, chairman and chief executive officer. The company plans to spin

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TAGS: Walmart