Blockbuster Posts Q1 Profit; Icahn Goes After Yahoo!

Blockbuster posted $45 million in net profit for Q1, but total revenue decreased by $79.8 million to $1.39 billion. "The significant improvement in our first quarter results demonstrates the underlying strength of our core rental and emerging retail business," said Jim Keyes, Blockbuster Chairman and CEO. "BLOCKBUSTER Total Accessâ„¢, our subscription rental offering, is now profitable and positioned for growth. Additionally, our stores achieved positive growth in both sales and margin. We are pa