Now we can use it to line bird cages:
Standard & Poor’s slashed its rating on the New York Times Company by three notches to junk on Thursday after the publisher reported fresh impairment charges, a quarterly underlying loss and a review of its dividend policy.
Heh.
October 24th, 2008 at 4:59 pm
[...] It’s official: the New York Times is junk (Below the Beltway) Standard & Poor’s slashed its rating on the New York Times Company by three notches to junk on Thursday after the publisher reported fresh impairment charges, a quarterly underlying loss and a review of its dividend policy. [...]