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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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To: VOA
Oh no!

What am I gonna wrap my fish in?

21 posted on 10/23/2008 4:30:52 PM PDT by traditional1 ("The American presidency is not supposed to be a journey of personal discovery")
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To: VOA

This is the best news I’ve read all day.


22 posted on 10/23/2008 4:31:02 PM PDT by Rokke
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To: VOA

Telling lies in the newspaper business......serious morons running the NYT.


23 posted on 10/23/2008 4:31:48 PM PDT by cookcounty (Sarah and Todd Palin : They're more like us than we are.)
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To: VOA

...well, we could’ve given S&P that news about NYT being “junk” a long, long time ago!!!!!!!!!!!!


24 posted on 10/23/2008 4:32:47 PM PDT by CaliforniaCon
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To: Old Sarge

25 posted on 10/23/2008 4:33:12 PM PDT by Lazamataz (Secondhand Aztlan Smoke causes drug addiction obesity in global warming cancer immigrant terrorists.)
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To: NYTexan

Amen to that!


26 posted on 10/23/2008 4:33:47 PM PDT by SouthTexas (Invert the 5-4 and you have no rights.)
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To: VOA

Maybe Pinch will finally get the boot. It’s a mystery how he’s been able to go on so long. Maybe it’s because the next generation of Sulzbergers appear to be just as dumb as Pinch. Maybe the stockholders will finally be able to take control of the paper, replace the editorial page writers and install a credible CEO.


27 posted on 10/23/2008 4:34:39 PM PDT by purplelobster
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To: VOA

Socialists are not good at making a profit. To quote Barney Frank “Don’t worry there are still lots of rich people out there we can tax”. When given a choice to spend money on socialist programs people just say no. And the Times is just that...A Socialist program.


28 posted on 10/23/2008 4:35:01 PM PDT by screaminsunshine
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To: VOA

Here are a few interesting (and “I’m shocked, shocked!” to tell you
UNDER-REPORTED news tidbits from the MSM Deathwatch...that I
stumbled across in FR’s archives as I did “due diligence” to avoid
a double-posting of the downgrade of NY Times to “JUNK”!!!)

Granted these are from about 2 years ago...and maybe these dino-stocks
have recovered.
But I ain’t gonna’ waste time researching these losers.
Too much GOOD beaten-down stock is available on the NYSE and NASDAQ!!!

Moody’s cuts Tribune to “junk” on share buyback (Dinosaur Media Extinction Alert)
Rooters ^ | June 15, 2006 | Staff
http://www.freerepublic.com/focus/f-news/1649849/posts

Moody’s cuts Knight Ridder, McClatchy to junk (Dinosaur Media Extinction Alert)
Rooters ^ | April 20, 2006 | Staff
http://www.freerepublic.com/focus/f-news/1618566/posts


29 posted on 10/23/2008 4:35:48 PM PDT by VOA
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I can’t wait to there stuff on Ebay :)


30 posted on 10/23/2008 4:36:15 PM PDT by curling
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To: VOA
S&P slashes New York Times rating to junk

Much like the product...

31 posted on 10/23/2008 4:36:33 PM PDT by Wil H (No Accomplishments, No Experience, No Resume, No Records, No References, Nobama..)
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To: SouthTexas
Nascar is being jilted by the Big Three Auto Makers and you fret about a daily shopper???
32 posted on 10/23/2008 4:37:38 PM PDT by tubebender (Why do we drive a on a Parkway but park on a Driveway)
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To: VOA
New York:

Old Gray Whore catches the clap

Presstitutes are troubled

33 posted on 10/23/2008 4:39:06 PM PDT by bert (K.E. N.P. +12 . Ferengi?.....Probably not, but he sure has the lobes)
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To: Old Sarge
this one???
and the RATS, take another one in the.................................HA ha!!!

34 posted on 10/23/2008 4:39:52 PM PDT by Chode (American Hedonist - McCain/Palin'08 = http://www.johnmccain.com/)
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To: VOA

hahahahahahahhaha


35 posted on 10/23/2008 4:40:14 PM PDT by freeangel ( (free speech is only good until someone else doesn't like what you say))
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To: VOA
Not to worry, in an Obama Nation, NYT will be subsidized because it is too important the “Fair” news coverage to fail.
36 posted on 10/23/2008 4:41:23 PM PDT by JimSEA (just another liberal-bashing fearmonger)
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To: tubebender

I thought it was a bottom for the bird cage, didn’t know it actually had some adds in it.

Don’t think it has too many...


37 posted on 10/23/2008 4:42:42 PM PDT by SouthTexas (Invert the 5-4 and you have no rights.)
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To: bert; abb

ooops.... forgot to ping the mainman on the case


38 posted on 10/23/2008 4:43:20 PM PDT by bert (K.E. N.P. +12 . Ferengi?.....Probably not, but he sure has the lobes)
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To: VOA

thanks to all respondents...just had to mention the NYTimes junk status
to the forum.

If you don’t see it in your local newspaper, it may indicate they
are too dependent of the news service from the NY Times.

And/or, their reporters don’t want to jeopardize any chance they have
of one day working at The Old Gray Lady.

In other words, their highest “professional” aspiration is to be
a high-level “presstitute”.
Not just a low-status prestitute at a small-circulation rag.


39 posted on 10/23/2008 4:45:31 PM PDT by VOA
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To: bert

40 posted on 10/23/2008 4:46:51 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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