S&P slashes New York Times rating to junk

Discussion in 'News / Current Events' started by Ps104_33, Oct 24, 2008.

  1. Ps104_33

    Ps104_33
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    NEW YORK, Oct 23 (Reuters) - Standard & Poor’s on Thursday slashed its ratings on the New York Times Co into junk territory and cited concerns about the newspaper publisher’s revenue outlook, after it posted a third-quarter loss. Moody’s Investors Service also said it may follow the move, adding the publisher faces risks in refinancing its debt.



    http://sweetness-light.com/archive/standard-poor-new-york-times-is-junk
     
  2. Ps104_33

    Ps104_33
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    Liars never win. I will miss the NYT. It made great liner for the bottom of my parrot's cage.
     
  3. billwald

    billwald
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    I read my local paper out of habit and the crossword. If not for the sports page - which I don't read - I don't know how daily papers can make it. I get national news on the web and local news on TV. The papers are always a day late and a dollar short.
     
  4. sag38

    sag38
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    I quit taking the newspaper about five years ago. It was so biased in it's reporting and editorials. I thought newspapers are supposed to be objective but most have become full of left wing ideology. I haven't tried the one where I live now but the internet does just fine.
     
  5. windcatcher

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    It took all these years for the stock market to finallly recognize it for what is was......... junk???????????? Funny!
     

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