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CORRECTED - Moody's cuts New York Times rating to junk | Markets | Bonds News

Alea found this 1/23/2009 on reuters.com

(Corrects rating in second paragraph to "Ba3.") NEW YORK, Jan 23 (Reuters) - Moody's Investors Service on Friday cut its ratings on The New York Times Co ( NYT.N ) into junk territory, saying declining advertising revenues will continue to pressure the newspaper publisher's earnings. Moody's ...