Besides their stock value falling like a rock, their bond rating may start falling like a rock. Below is a link to a great thread yesterday, posted by ABB.
http://www.freerepublic.com/focus/f-news/1598135/posts
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.
Here's a post from the Yahoo! NYT Message Board:
Yahoo! Message Boards: NYT
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NY Times in proper spot in SW Indiana
by: wrathof59 (30/M/Venezuela)
Long-Term Sentiment: Strong Sell 03/17/06 09:27 pm
Msg: 9498 of 9500
At the supermarket checkout, in between TV Guide and National Enquirer. I asked the cashier, she started laughing "It's right where it belongs"!
Hoosiers know BS when they see it.