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Politics : Politics for Pros- moderated
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To: michael97123 who wrote (160939)3/17/2006 10:46:24 AM
From: Oral Roberts  Read Replies (1) of 793570
 
Some of the better news I've seen in awhile:)

Tribune cut to sell at Deutsche Bank (Dinosaur Media Extinction Alert)
Marketwatch.com ^ | March 17, 2006 | Simon Kennedy

LONDON (MarketWatch) -- Deutsche Bank cut media group Tribune Co. (TRB) to sell from hold, citing worse-than-expected newspaper revenue. "Newspaper ad trends are already fairly weak, which publishers showed with their February revenue results," said Deutsche Bank. The bank said it fears the trend could deteriorate in the second half of 2006, especially if real-estate classified advertising revenue falls as the housing market slows

Moody's may downgrade New York Times ratings (Dinosaur Media Extinction Alert)
Marketwatch.com ^ | March 17, 2006 | Carolyn Pritchard

SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Friday placed New York Times Co.'s (NYT) A2 senior unsecured long term debt, and P-1 commercial paper ratings on review for possible downgrade. The agency said the review is prompted by Moody's growing concerns about the media company's high financial leverage, deteriorating operating margins and weak free cash flow available for debt reduction, combined with concerns over intensifying cross media competition, including the Internet, and growing event risk in the newspaper sector. A multi-notch ratings transition will be considered in light of the company's financial and operating challenges, Moody's said.
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