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S&P slashes New York Times rating to junk
Reuters ^
| 10-23-08
| Reuters Staff
Posted on 10/23/2008 4:23:32 PM PDT by VOA
NEW YORK, Oct 23 (Reuters) - Standard & Poor's on Thursday slashed
its ratings on the New York Times Co (NYT.N: Quote, Profile, Research,
Stock Buzz) into junk territory and cited concerns about the
newspaper publisher's revenue outlook, after it posted a
third-quarter loss.
...SNIP...
It cut the Times' rating three notches to "BB-minus,"
three levels below investment grade, from "BBB-minus."
The outlook is negative, indicating an additional cut may
be likely over the next one-to-two years.
(Excerpt) Read more at reuters.com ...
TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Government
KEYWORDS: communists; democrats; homosexualagenda; homosexuals; journalism; journalists; liberals; marxists; mediawhores; msm; msmdeathwatch; newspapers; newyorktimes; nyt; nytimes; pimpingforobama; presstitutes; propagandists; socialists
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Downgrade of NY Times to "junk" status...mentioned on "Fast Money"
on CNBC today (10-23-08)...can't wait to see
"if it bleeds, it leads"
applies to a media outlet getting it's b-tch-slap for being
a propaganda arm of the Democratic Party, The European Union
and being Putin's Poodle.
More links to news on this development to follow.
1
posted on
10/23/2008 4:23:33 PM PDT
by
VOA
To: VOA
Couldn’t happen to a nicer liberal rag. LOL
2
posted on
10/23/2008 4:24:53 PM PDT
by
nobama08
To: VOA
The junk rating matches the output of the newspaper. Well deserved IMHO.
To: VOA; Chode
Yo, Chode, you still have that fail pic?
4
posted on
10/23/2008 4:25:08 PM PDT
by
Old Sarge
(Illic Est Haud Deus)
To: VOA; tubebender; glock rocks; NYTexan
5
posted on
10/23/2008 4:25:10 PM PDT
by
SouthTexas
(Invert the 5-4 and you have no rights.)
To: VOA
There is a silver lining.
6
posted on
10/23/2008 4:25:36 PM PDT
by
Navy Patriot
(The beauty of conservatism, Sarah Palin.)
To: VOA
Let’s hope these commie, anti-American bastards choke on this big-time.
7
posted on
10/23/2008 4:25:36 PM PDT
by
EagleUSA
To: VOA
The NYT has been junk to most of us far longer than Oct. 23.
To: VOA
9
posted on
10/23/2008 4:26:17 PM PDT
by
Calif4Bush
(Proud Moosehead)
To: VOA
That righteous wind must be blowin’!
10
posted on
10/23/2008 4:26:17 PM PDT
by
dr_who
To: VOA
As promised in lead post:
additional info on the “junk” status of The New York Times.
Moody’s May Cut New York Times to Junk, Stock Dives
http://blog.wired.com/business/2008/10/moodys-may-cut.html
“
Things are looking grim at the Times today. The newspaper announced low
Q3 earnings and the possibility that the newspaper may default on
its debt today, and Moody’s says that they may downgrade
The New York Times’ stock to junk status.
“
11
posted on
10/23/2008 4:26:36 PM PDT
by
VOA
To: VOA
Yeah!!!! We won. Conservative can prevail.
12
posted on
10/23/2008 4:27:36 PM PDT
by
steve0
To: Parley Baer
The junk rating matches the output of the newspaper. In that case, it should be a 'trash' rating.
To: VOA
To: VOA
You know the word...Schadenfreude!
'Junk' is such an appropriate rating. It symbolizes both the stock price and the content of the product.
Hannity's right...journalism finally gave up the ghost this year. Can't wait for the NYT and other liberal hackfests to flatline.
15
posted on
10/23/2008 4:28:30 PM PDT
by
LostInBayport
(John McCain is the Luckiest Man Alive...mere mortals such as we can only wonder why...)
To: VOA
16
posted on
10/23/2008 4:28:58 PM PDT
by
yldstrk
(My heros have always been cowboys--Reagan and Bush)
To: SouthTexas
I’ll be happy when they just close the doors and auction off the presses.
17
posted on
10/23/2008 4:29:19 PM PDT
by
NYTexan
To: cartoonistx
HEHEHEHE! I like it. Good job!
18
posted on
10/23/2008 4:29:45 PM PDT
by
Calif4Bush
(Proud Moosehead)
To: VOA
19
posted on
10/23/2008 4:30:01 PM PDT
by
VOA
To: VOA
The NYT has been junk for many decades. It is nice to see that it’s credit rating has caught up with it’s credibility rating.
20
posted on
10/23/2008 4:30:47 PM PDT
by
Jeff Gordon
("An appeaser is one who feeds a crocodile hoping it will eat him last." Churchill)
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