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December 26, 2006

S&P Downgrades NYT's Debt Rating

From A- to BBB+, increasing the cost of servicing debt and indicating it's slighly riskier to lend to the NYT.

At what point will the NYT officially be peddling "junk bonds," and when can we jail Pinch Sulzberger for doing so?

digg this
posted by Ace at 06:26 PM

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