Richmond, Va. - One month after revealing an unsolicited $1 billion takeover bid from Blockbuster (NYSE: BBI), consumer electronics retailer Circuit City (NYSE: CC) said on Friday that it will open its books to the video rental giant in preparation for a potential acquisition.

Richmond, Va. - In an aggressive move to expand beyond movie rentals, Blockbuster (NYSE: BBI) on Monday said that it has made an unsolicited $1 billion takeover bid for Circuit City Stores (NYSE: CC), the Virginia-based nationwide electronics retailer. Blockbuster said that it originally made the offer two months ago in a letter to Philip Schoonover, the chairman and CEO of Circuit City, but decided to make the news public because it "believes the shareholders of Circuit City should have the opportunity to participate in determining the destiny of the company."

Washington - The Federal Communications Commission (FCC) has levied a total of $6 million in fines against many of the top electronics retailers in the U.S., for violating rules on labeling analog televisions they sell to inform consumers the devices will not be able to receive digital signals after the switch to digital broadcasting next February. The FCC levied fines against retailers including Sears ($1.1 million), Wal-Mart ($992,000), Circuit City ($712,000), Target ($296,000) and Best Buy ($280,000).

Richmond, Va. - Electronics and media retailer Circuit City announced on Friday that it has partnered with Napster to offer a new digital music service on its website. Powered by Napster, the Circuit City + Napster service on CircuitCity.com will cost $14.95 per month and provide unlimited access and transfers to portable devices. The companies are offering a free month of service and five free downloads to new subscribers. Circuit City, which operates 655 U.S. stores, will also offer pre-paid download cards in-store and online.