Below The Beltway

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It’s Official, The New York Times Is Junk

by @ 10:39 am on October 24, 2008.

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.

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One Response to “It’s Official, The New York Times Is Junk”

  1. New York Times circling the drain « Blunt Object Says:

    [...] 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. [...]

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