Thursday, October 23, 2008

Moody's Warns on NY Times

NY Times

CHICAGO Hours after The New York Times Co. released third-quarter results Thursday that including a sliding profit but that beat Wall Street expectations, Moody's Investors Services warned of a possible downgrade into junk territory of the publisher's unsecured debt and commercial paper.

Maybe if they stopped being a propaganda machine and started actually digging for and reporting news, they would get the junk off their front page and out of their bond rating as well.