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Moody's may downgrade New York Times ratings (Dinosaur Media Extinction Alert)
Marketwatch.com ^
| March 17, 2006
| Carolyn Pritchard
Posted on 03/17/2006 7:32:03 AM PST by abb
SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Friday placed New York Times Co.'s (NYT) A2 senior unsecured long term debt, and P-1 commercial paper ratings on review for possible downgrade. The agency said the review is prompted by Moody's growing concerns about the media company's high financial leverage, deteriorating operating margins and weak free cash flow available for debt reduction, combined with concerns over intensifying cross media competition, including the Internet, and growing event risk in the newspaper sector. A multi-notch ratings transition will be considered in light of the company's financial and operating challenges, Moody's said.
TOPICS: News/Current Events
KEYWORDS: about; aboutcom; cash; declining; decliningmargins; financial; financialleverage; flow; greyladydown; high; leverage; margins; msm; new; newspapers; newyorktimes; nytimes; oldmedia; times; weak; weakcashflow; york
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OUCH!! That's gonna leave a mark...
1
posted on
03/17/2006 7:32:05 AM PST
by
abb
To: abb
To: abb
It couldn't happen to a nicer paper.
3
posted on
03/17/2006 7:35:33 AM PST
by
Unkosified
(Patiently waiting for Ted Kennedy's manslaughter trial for 36 years now.)
To: abb
To: Unkosified
paper? U mean bird cage liner, right?
5
posted on
03/17/2006 7:36:58 AM PST
by
in hoc signo vinces
("Houston, TX...a waiting quagmire for jihadis. American gals are worth fighting for!")
To: abb
Stay tuned for negative articles about Moody's.
6
posted on
03/17/2006 7:46:52 AM PST
by
speedy
To: abb
To: in hoc signo vinces
8
posted on
03/17/2006 7:54:17 AM PST
by
Unkosified
(Patiently waiting for Ted Kennedy's manslaughter trial for 36 years now.)
To: abb
Great news. The downgrade raises interest costs and goes straight to the bottom line plus it will have a significant negative psychological impact.
9
posted on
03/17/2006 7:55:33 AM PST
by
ncountylee
(Dead terrorists smell like victory)
To: ncountylee
I see firings. I see more layoffs. I see good news....
10
posted on
03/17/2006 7:58:10 AM PST
by
abb
(Because News Reporting is too important to be left to the Journalists.)
To: abb
NY Times feeling the "Pinch," eh.....( sorry, but I couldn't resist..)
11
posted on
03/17/2006 8:44:42 AM PST
by
ken5050
(Ann Coulter needs to have children ASAP to propagate her gene pool. Any volunteers?)
To: abb
I can't tell you how sorry this story makes me.
At least not with a straight face.
12
posted on
03/17/2006 8:45:55 AM PST
by
Cheburashka
(World's only Spatula City certified spatula repair and maintenance specialist!!!)
To: Grampa Dave
Look at this! Bwahahahaha!
This is an excellent day for media news!
13
posted on
03/17/2006 8:46:04 AM PST
by
Miss Marple
(Lord, please look after Mozart Lover's and Jemian's sons and keep them strong.)
To: abb
It has left a big mark. At ten am, the Slimes stock NYT was on the positive side. At 11:25 am, it has had close to a 2% dip. TRB the Tribune Stock is in free fall at over a 3% drop. Maybe, the Enroning of America by the fishwraps is approaching an end. How does this stock market poll feel? 
14
posted on
03/17/2006 8:46:07 AM PST
by
Grampa Dave
(Visit Free Republic to enjoy shameless Schadenfreude as the lies of liberals are exposed!)
To: Grampa Dave
Hey, only a 3-second difference in our response...probably because you had to go grab the chart!
GMTA!!
15
posted on
03/17/2006 8:47:18 AM PST
by
Miss Marple
(Lord, please look after Mozart Lover's and Jemian's sons and keep them strong.)
To: Miss Marple
See my good news charts in reply #14.
A big down rating by Moody's may drive the left wing mutual fund companies away from owning NY Slimes stock and Tribune stock.
I would buy GM stock/bonds before I bought a single share of newspaper stocks or any of their bonds.
16
posted on
03/17/2006 8:49:27 AM PST
by
Grampa Dave
(Visit Free Republic to enjoy shameless Schadenfreude as the lies of liberals are exposed!)
To: Grampa Dave
One of the things we need to know is what holdings they have in other companies. For example, the NYT has bought about.com, I am sure hoping to offset losses in the publishing business.
I wonder what else they own. It seems to me that if we knew, we could cut off their sources of offsetting income and drive them out of business even quicker!
17
posted on
03/17/2006 8:52:47 AM PST
by
Miss Marple
(Lord, please look after Mozart Lover's and Jemian's sons and keep them strong.)
To: abb
Maybe it'll get so cheap that Roger Ailes will buy them.
18
posted on
03/17/2006 8:56:04 AM PST
by
D-Chivas
To: abb
Tee NYT is sold in most Starbucks in So Cal. The stack is always full because nobody buys them. Talk about a waste of money.
19
posted on
03/17/2006 8:58:33 AM PST
by
John Lenin
(The Soviet Collapse=The Left's Humpty Dumpty)
To: abb
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