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Gray Lady Turns a Deathly Shade of Pale

By Thomas Lifson - January 26, 2009

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Arthur Ochs "Pinch" Sulzberger Jr. has driven the proudest institution in journalism to the doorstep of ruin, its corporate debt earning the humiliating label of "junk" from Moody's Investors Services. And it wasn't just a slide over the line, the company tumbled three steps below investment grade.Even worse is Moody's negative expectation, meaning further downgrades are on the horizon in the...

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Thomas Lifson

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