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Thomas Hawk
S&P just downgraded the NY Times debt to a junk rating. I wonder how much time the NY Times has left to do something.
October 23, 2008
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Mike Reynolds, Robert Fischer, Michael Fidler and 12 other people liked this
stock hit a new low today as well $9.51 per share.
- Thomas Hawk
that's a big cut, three levels -- straight to junk. From S&P "The ratings downgrade reflects our expectation that a likely U.S. economic recession over the intermediate term would continue to meaningfully exacerbate secular rates of ad revenue decline over at least the next year."
- Thomas Hawk
Interesting. The debt rating now matches the newspaper rating.
- Brian Newman
Is that little tidbit of news "fit to print"?
- Ontario Emperor
It would be fun to say that Arthur Sulzberger Jr. did to the New York Times what George W. Bush did to the United States of America -- run it into the ground -- but probably the truth is that there was little anyone could do to halt the decline of this newspaper or any other newspaper. The era of the newspaper (at least in print form) will probably soon be over.
- Sean McBride
when you piss off half of the country, well you piss off half of the maket as well.
- Jeff Nolan
from Alert Thingy