NY Times company's shares slump

New York Times Company shares slumped yesterday after an analyst suggested the publisher may need to cut its dividend to avoid a "junk" credit rating. After the note from the analyst at Moody's Investors Service, the company's stock dropped 85 cents, or 6%, to $13.24 . In the past year it has ranged from $12.08 to $22.95. Perhaps the New York Times should reconsider the wisdom of sending 32 reporters to cover the Beijing Olympics. (Sources: AP/Yahoo&Gawker)