Official: New York Times is Junk
Moody’s cut The New York Times three notches to “Ba3,” three steps below investment grade, from “Baa3.” The outlook is negative, indicating an additional downgrade may be likely over the next 12-to-18 months.
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jck [at]
aleablog [dot] com
January 23rd, 2009 at 7:19 pm
You’ve been having too much fun with headlines lately. ;)
I remember writing over at RealMoney that the newspapers were in terminal decline after the McClatchy acquisition of Knight Ridder, and at other times 2005-2007. The only ones surviving are the ones with other media assets.