1. Welcome to SportsJournalists.com, a friendly forum for discussing all things sports and journalism.

    Your voice is missing! You will need to register for a free account to get access to the following site features:
    • Reply to discussions and create your own threads.
    • Access to private conversations with other members.
    • Fewer ads.

    We hope to see you as a part of our community soon!

JRC hires Lazard Freres to 'review options'

Discussion in 'Journalism topics only' started by goalmouth, Apr 7, 2008.

Page 3 of 8
  1. 2muchcoffeeman

    2muchcoffeeman Well-Known Member

    One of these days, somebody should call JRC for comment. Aren't journalists supposed to find sources on both sides of an issue? I want to see how JRC officials try to squirm out of responsibility for explain how their company got to this point.
     
    2muchcoffeeman, Apr 8, 2008
    #25
  2. BYH

    BYH Active Member

    "We have no comment," a JRC spokesperson said. "By the way, are you hiring?"
     
    BYH, Apr 8, 2008
    #26
  3. slappy4428

    slappy4428 Active Member

    No, because media outlets are the worst at demanding other answer questions, then ducking tough ones thrown at them.
     
    slappy4428, Apr 8, 2008
    #27
  4. Ben_Hecht

    Ben_Hecht Active Member

    Up 13.6%, to a quarter!

    Whoo-hoo!
     
    Ben_Hecht, Apr 9, 2008
    #28
  5. EStreetJoe

    EStreetJoe Well-Known Member

    according to the Yahoo! Finance page for JRC, it closed for a second straight day at 25 cents a share, but fell to 21 cents in after-hours trading.
     
    EStreetJoe, Apr 9, 2008
    #29
  6. Ben_Hecht

    Ben_Hecht Active Member

    Way to sell at those highs, boys.
     
    Ben_Hecht, Apr 10, 2008
    #30
  7. EStreetJoe

    EStreetJoe Well-Known Member

    It closed today at 28 cents.
     
    EStreetJoe, Apr 10, 2008
    #31
  8. Tom Petty

    Tom Petty Guest

    so the cancer-infested fuck is on a roll?
     
    Tom Petty, Apr 10, 2008
    #32
  9. EStreetJoe

    EStreetJoe Well-Known Member

    Moody's did it yesterday... lowered JRC stock rating...
    http://biz.yahoo.com/ap/080410/journal_register_moody_s.html?.v=1


    AP
    Moody's Cuts Journal Register Ratings
    Thursday April 10, 6:02 pm ET
    Moody's Downgrades Journal Register Ratings on Declining Revenue


    NEW YORK (AP) -- Moody's Investors Service said Thursday it downgraded the corporate family rating of newspaper publisher Journal Register Co. due to declining revenue.
    Moody's said it cut the company's corporate family rating to "B3" from "B1." Both ratings are speculative, or "junk," grade.

    The ratings service also lowered the publisher's probability of default rating to "Caa1" from "B2." Those ratings are also both considered speculative grade.

    Moody's said the ratings downgrade reflects "the continuing decline of Journal Register's top line revenues" and "a heightened probability of default stemming from eroding liquidity."

    Moody's said it was concerned that the Journal Register will not generate enough free cash flow to cover its scheduled 2009 debt repayment obligations.

    The service said the outlook for the company's ratings remains negative.
     
    EStreetJoe, Apr 11, 2008
    #33
  10. Starman

    Starman Well-Known Member

    The NYSE delivers its verdict:

    [​IMG]

    http://biz.yahoo.com/ap/080411/journal_register_nyse.html?.v=1
     
    Last edited by a moderator: Dec 15, 2014
    Starman, Apr 11, 2008
    #34
  11. Tom Petty

    Tom Petty Guest

    wow.
     
    Tom Petty, Apr 11, 2008
    #35
  12. Ben_Hecht

    Ben_Hecht Active Member

    As Oliver Hardy was wont to say:

    "I only have two words . . . 'Im . . . possible'"
     
    Ben_Hecht, Apr 11, 2008
    #36
Page 3 of 8
Draft saved Draft deleted

Share This Page