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Moody's downgrades Tribune long-term debt ratings (Dinosaur Media Extinction Alert)
Marketwatch.com ^
| May 23, 2006
| Gabriel Madway
Posted on 05/23/2006 2:15:52 PM PDT by abb
SAN FRANCISCO (MarketWatch) -- Moody's Investors Service late Tuesday downgraded Tribune Co.'s (TRB) senior unsecured long-term debt ratings to Baa1. The outlook is negative. The agency said the downgrade results from the company's ongoing share repurchase activity, increased debt balances, and weaker-than-expected operating performance. Moody's said the negative outlook recognizes ongoing event and execution risks facing the Chicago-based media company and the media sector in general.
TOPICS: News/Current Events
KEYWORDS: dbm; junk; latimes; newspapers; tribune
Tuesday afternoon Good News!!
1
posted on
05/23/2006 2:15:56 PM PDT
by
abb
To: knews_hound; Grampa Dave; martin_fierro; Liz; norwaypinesavage; Mo1; onyx; SmithL; petercooper; ...
2
posted on
05/23/2006 2:17:08 PM PDT
by
abb
(If it Ain't Posted on FreeRepublic, it Ain't News)
To: abb
Fewer trees consumed, happier tree huggers.
To: abb
Buy junk bonds, invest in America's MSM!
To: abb
I'm so old I can remember when the Chicago Tribune was a great newspaper. I'm sure Col. McCormack is spinning in his grave.
5
posted on
05/23/2006 2:23:59 PM PDT
by
BW2221
To: abb
6
posted on
05/23/2006 2:25:25 PM PDT
by
Extremely Extreme Extremist
(Conservatism is moderate, it is the center, it is the middle of the road)
To: abb
San Francisco should take a lesson from Las Vegas. When you have some aging dinosaur which is no longer producing up to the level of the competition, you don't hire a new PR team. You just implode the building and put something of higher and better use there.
7
posted on
05/23/2006 2:26:40 PM PDT
by
bpjam
(Opinion Polls Don't Protect Our Borders.....)
To: BW2221
Newspapers need to go all-out online. Imagine the money they'd save from printing costs, overhead, staff, carriers, etc.
8
posted on
05/23/2006 2:26:58 PM PDT
by
Extremely Extreme Extremist
(Conservatism is moderate, it is the center, it is the middle of the road)
To: abb
This looks nice.
" Baa..."
.../s
9
posted on
05/23/2006 3:02:27 PM PDT
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: Extremely Extreme Extremist
Newspapers need to go all-out online. Imagine the money they'd save from printing costs, overhead, staff, carriers, etc. I don't think I would ever give up my Wall Street Journal subscription. It comes in handy during those down times where you are not by a computer.
10
posted on
05/23/2006 3:16:00 PM PDT
by
cpprfld
(Who said accountants are boring?)
To: Extremely Extreme Extremist
Here is another use for the fishwraps...other than for bird cages.
11
posted on
05/23/2006 3:18:38 PM PDT
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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