Who defaults first?

[2muchcoffeeman]

Interesting graphic ... the Default-O-Matic. How close is your company to default?

Found this at Newsosaur (strangely, I don't believe that's spnited ;D )

Journal Register Co. is the shakiest in the group of 10 publishers, with Morris Publishing in second place and a tie for third between MediaNews Group and Tribune Co.

Must say that I'm surprised to see Morris that high in that group. Their bond rating dropped tremendously.

As you can see from the blue bar on the Default-O-Matic (click the image below to enlarge), Journal Register, which remains in my personal portfolio because its two-bit shares would cost more to sell than they are worth, is theoretically the closest of any of the publishers to default.

Its rating of Caa3, which indicates a 72.9% probability that it will fail to meet its obligations, was cut in mid-May from Caa1, which carried a 35.7% risk of default. Not long before that, the company was rated B1, which signified a 15.2% risk. If conditions don’t turn around for the company, the next stop would be C, which would signal the company is in a hard default, not a technical one.

The next-weakest credit among the publishers is Morris Publishing at Caa1 (35.7% risk). And then come MediaNews and Tribune, which both are rated B3, representing a 10.7% chance of default.

The Washington Post Co., which derives the majority of its revenues from things other than newspaper publishing, is the strongest credit at A1, representing a default risk of just 0.2%. Scripps, which also is highly diversified away from newspapers, is the second-strongest credit. And Gannett, which has lots of newspapers but comparatively modest debt, is the third-strongest.

 

[slappy4428]

I know which pony BYH is backing...

 

[imjustagirl]

Mine isn't on there.

 

[JayFarrar]

I hear Morris is about to have a fire sale, but I've already said too much.
And my joint isn't listed.
Behold the wonders of being privately held.