Pinch threw his lot in with the enemies of the US and the Western World, and Americans responded by boycotting the paper resulting in declining circulation, revenues, and common stock price.
Posted on 03/01/2008 12:25:52 AM PST by cowtowney
The New York Times Co.'s continued struggles with declining advertising revenue prompted Standard & Poor's to caution Friday that it is inching closer to cutting the company's debt ratings.
S&P said it placed all of the Times' ratings, including its key long-term corporate credit rating, on CreditWatch with negative implications. In plain English, that means the rating agency is leaning heavily toward a downgrade unless current financial trends at the company improve.
S&P currently assigns the Times a long-term corporate credit rating of BBB. A one-notch downgrade would bring the rating down to BBB-. But in a research note Friday, S&P credit analyst Emile Courtney warned that a possible downgrade "may not be limited to one notch."
That would drop the Times' long-term rating to BB+ or worse, which would leave it at sub-investment grade, or junk. And that, in turn, could increase borrowing costs for the Times.
(Excerpt) Read more at forbes.com ...
Ouch! Maybe it's time to rearrange those deck chairs again. They're almost at junk bond status
heh...love it
If they would just REPORT the news without slanting it CONSTANTLY.
When pigs sprout wings and fly
pinch takes another punch!!!!
Pinch threw his lot in with the enemies of the US and the Western World, and Americans responded by boycotting the paper resulting in declining circulation, revenues, and common stock price.
This would be a fitting end to the Gray Hag.
From the article:
“”But in a research note Friday, S&P credit analyst Emile Courtney warned that a possible downgrade “may not be limited to one notch.” That would drop the Times’ long-term rating to BB+ or worse, which would leave it at sub-investment grade, or junk.””
I don’t know anything about investments but in my opinion the New York Times has been junk for a long time...maybe even trash.
Appears that the NY Times is not only distroying the Fag-ship but is determined to undermine the entire fleet of crappy affiliates...hopefully that will help to torpedoe the DNC/Soros Fag-ship too!
I hope the marxist paper goes out of business.
bump
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