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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: Doug R who wrote (48167)5/26/2005 9:54:49 AM
From: longnshort  Read Replies (1) of 173976
 
I blame Bush for this:

ROFLMAO!
New York Times downgraded by A.G. Edwards (NYT) by Tomi Kilgore
NEW YORK (MarketWatch) -- New York Times (NYT) was downgraded to hold from buy at A.G. Edwards, which cited the uncertain advertising outlook, increasing competition and a lack of restraint on cost controls. On Wednesday, the newspaper publisher said it would reduce its workforce by 190 employees. "In our view, the reduction is a modest step towards reducing costs, but is not aggressive enough, considering the difficult advertising environment for large market newspapers," said Analyst Michael Kupinski in a note to clients. He cut his 2005 earnings estimate to $1.70 a share from $1.76, and his 2006 forecast to $1.85 a share from $1.99. The stock closed Wednesday down 62 cents at $31.90.
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