Wherehouse Buys Blockbuster Music for $115 million
Up from the deep: Torrance, CA-based <A HREF="http://wherehouse.com/">Wherehouse Entertainment</A> announced last week that it will purchase <A HREF="http://www.blockbuster.com/music">Blockbuster Music</A> from Viacom Inc. for $115 million. The merged operation will have 598 stores throughout North America, second only to Minnesota-based Musicland. The deal comes at the end of a prolonged slump for the music industry, one that was particularly hard for Blockbuster.