Friday, October 24, 2008


My, my, it a shame (snicker)....Certainly wouldn't be because it is a liberal, hack, rag these days...."Moody’s Investors Service said on Thursday it may cut its ratings on New York Times Co into junk territory, citing concerns about continuing revenue declines and risks associated with refinancing its debt.

The New York Times posted a quarterly loss from continuing operations on Thursday and said advertising revenue at its news media group dropped 16 percent for the quarter." Story continues: boo hooooo hoo

Michael Goldfarb smacks the NYT, "“Just after the New York Times ended months of intense speculation by announcing its endorsement of Barack Obama, the company’s corporate credit rating was lowered to ‘junk’ status — an appropriate reflection of the paper’s editorial judgment as well as the quality of its reporting.”