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All Warner Bros. Stores To Close

A Warner Bros. spokeswoman announced that AOL Time Warner will close all of its U.S.-based Warner Bros. Studio Stores by the end of October. The move will cut another 3,800 jobs from the mega-firm and is attributed to the company's failure to find a buyer for the troubled chain store. At its peak there were 130 stores worldwide. "We're in a wind-down process," a Warner Bros. spokeswoman said. "Management decided to get out of the owned and operated retail business."

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