Moody's New York Times review is very late

MarketWatch.com reports :

Moody's Investors Service on Friday placed New York Times Co.'s A2 senior unsecured long term debt, and P-1 commercial paper ratings on review for possible downgrade.

Moody's is one of the world's most respected financial rating companies.

But as regards the Times, Moody's very late to the game.

Informed readers and bloggers have been downgrading the Times for years.

Hat Tip: Michellemalkin.com