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Malkin is reporting that the NY Slimes  is standing on the precipice of junk-bond territory:

Moody’s Investors Service said on Thursday it may cut its ratings on New York Times Co into junk territory, citing concerns about continuing revenue declines and risks associated with refinancing its debt.

Moody’s said it may cut the New York Times from “Baa3,” the lowest investment grade. Downgrades into junk territory can significantly increase a company’s borrowing costs.

To borrow a phrase from the Rev’r'nnnnnnnnnnnnnnnd Jackass-i-miah Wrong – looks like Pinch’s chickens have come home to roost.

Poor Pinch.

Pooooooooooooooooooor Pinch. 




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