NEW YORK (Standard & Poor’s)– Standard & Poor’s Ratings Services today placed its ratings for The New York Times Co., including the ‘BBB-‘ corporate credit rating, on CreditWatch with negative implications.
Just in case some old hacks from the non-profit sector of journalism don’t understand what that means, Guido will spell it out slowly – the “Gray Lady” is going to non-investment “junk” status. J – U – N – K. 98 Pulitzer prizes, “All the news that’s fit to print” and they are trying to cut costs to survive. Blogalypse.
The Dead Tree Press is a dead industry walking. It is not a twenty first century business model: slaughter half a forest of trees, pay NUJ rates for news gathering, sub-editing, laying out, employing friend’s children, transferring ink onto aforesaid trees, then pay people to work all night sending the slices of dead trees around the country in the dark on lorries. Finally when you get to the point of collecting some money, split the sales revenue with the people who take the money. It is laughable.
Last year the Guardian, Independent and Telegraph all lost money, there is a good chance they will repeat the feat again this year. That is not business, that is vanity publishing.
Still smiling though…
Best gloat so far today from Fraser Nelson on Sky:
“When Gordon hits rock bottom he will start drilling”
“It’ enough to bring a tear to a glass eye”from co-conspirator Dave Spike in the comments was pretty good.
The Prime Mentalist brushed off and repeated the same speech he gave after Crewe and Nantwich, which he must have written himself. You know the one – job, getting on, listening, global economic turbulence, high oil prices, high food prices etc.
Now is not the time for measured comment, now is the time for mockery and joy throughout the land. The accursed one-eyed, son of the manse is universally despised…
UPDATE : Wallet returned, old lady pensioner called. Guido had to beg her to take a reward. Faith in humanity restored – this is a good day.
Dave Rowntree, who is according to reports back from last year’s Labour Party conference, perceived as something of a sex god by some Labour ladies, saw a 14.1% per cent swing to the Tories in a Westminster City Council by-election last night. Modern life is rubbish…
Guido would like to apologise for calling “the Brown bottom“ and doubting Labour would lose Glasgow East. The SNP won a fantastic 22.5% swing against Labour in what was a rock solid safe seat. Gordon Brown remains in free fall…
John Mason(SNP): 11,277 votes (43%) Majority: 365
Margaret Curran(Labour): 10,912 (41.6%)
Davena Rankin (Conservative): 1,639 (6.3%)
Ian Robertson(Liberal Democrat): 915 (3.5%)
Betfair punters have just slashed odds on SNP victory…
14 times Obama repeated the phrase “this is the moment” -
when our nations − and all nations − must summon that spirit [of the Berlin airlift] anew.
when we must defeat terror and dry up the well of extremism that supports it.
when we must renew our resolve to rout the terrorists who threaten our security in Afghanistan, and the traffickers who sell drugs on your streets.
when we must renew the goal of a world without nuclear weapons.
to begin the work of seeking the peace of a world without nuclear weapons.
when every nation in Europe must have the chance to choose its own tomorrow free from the shadows of yesterday.
when we must build on the wealth that open markets have created, and share its benefits more equitably.
for trade that is free and fair for all.
we must help answer the call for a new dawn in the Middle East.
when the world should support the millions of Iraqis who seek to rebuild their lives, even as we pass responsibility to the Iraqi government and finally bring this war to a close.
when we must come together to save this planet.
to give our children back their future.
to stand as one.
when we must give hope to those left behind in a globalized world.
Bercow ‘Wounded’ | Speccie
This Goes Further Than Rotherham | Simon Danczuk
Bercow Mocked | Times
Indy Deletes ‘Jewish Lobby’ Headline | MediaGuido
Cracknell v Boris | Sun
British Muslims are Failing to Integrate | Dan Hodges
Dear Sarah Wollaston… | ASI
Treatment of Ashya King’s Family Authoritarian | Brendan O'Neill
Stop the War Should Disband | Rob Marchant
State Should Not Act as Parent | Kathy Gyngell
Guido’s Column | Sun
“I stab people in the front, not the back.”
Owen Jones says:
We also need Zil lanes.