Fitch cuts Tribune rating; default 'real' possibility

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Fitch cuts Tribune rating; default 'real' possibility

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August 22nd, 2008

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Fitch cuts Tribune rating; default 'real' possibility

August 22nd, 2008 01:39 PM - (AP) — Fitch Ratings on Friday cut the issuer default rating on Tribune Co. stock further into "junk" status and said it may lower the media company's rating again because of accelerating declines in newspaper advertising revenue.

Fitch sliced Tribune's rating two notches to "CCC" from "B-." ...

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cuts, default, fitch, possibility, rating, real, tribune

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Fitch cuts Tribune rating; default 'real' possibility

Fitch cuts Tribune rating; default 'real' possibility

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)