Yes, it’s true, the New York Times has taken an additional 16 percent dive in advertising revenue over the third quarter. Considering its 46 million in cash, and 1.1 Billion in debt, Moody’s is considering a Junk rating for the NYT stock.
Stock is at it’s lowest point since 1991, and the corporation is considering selling some of it’s assets to relieve the debt problem.
Your’s truly suggests that NYT begin reporting the actual news as news, and leave the opinions on the editorial page. NYT tele-peddlers are no longer calling my house in recent months, perhaps because I’ve been encouraging them to get a job selling a better product, as well as giving them the NYT financial picture.
Moodys: New York Times may get JUNK rating.
