Blockbuster CEO to Stay Through 2006
Blockbuster Inc. said Chief Executive John Antioco has signed on to stay with the video-rental retailer through 2006.
Antioco’s previous contract was scheduled to expire in June.
Blockbuster is 82%-owned by entertainment and advertising giant Viacom Inc. Viacom President Mel Karmazin said Antioco has led Blockbuster through a time of growth and to a greater share of the world’s video-rental business.
Blockbuster shares rose 20 cents to close at $20.27. Viacom fell $2.13 to $42.80. Both trade on the New York Stock Exchange.
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