Moody’s downgrades New York Times after Drudge Story
April 24, 2009
Moody’s Investors Service on Friday cut its debt ratings on U.S. newspaper publisher The New York Times Co , but more importantly Moody’s downgraded The New York Times after a story on Drudge Report linked to two separate articles that compared the debt level of the New York Times vs the Cash on hand.
The debate is if Moody’s downgraded the New York Times, or if Matt Drudge downgraded the New York Times.
NEW YORK TIMES DOWN TO $34 MILLION IN THE BANK…
$1,300,000,000 IN DEBT…
Screamed the headlines yesterday, then today, Moody’s downgrades the company. Many suspect that it was Matt Drudge doing Moody’s job.
Story Developing..
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