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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One Response to Official: New York Times is Junk

  1. David Merkel says:

    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.