TVNewser Show TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Moody’s Lifts Newspaper Industry Credit Rating

creditscore04162010a.jpgCredit rating agency Moody’s announced today that it had shifted its outlook on the newspaper industry from negative to stable, citing dampening ad-revenue declines.

Moody’s cautioned, though, that investors should not expect bumps in newspapers’ credit ratings anytime soon, as many papers need to refinance and market sentiment around the news business tends to whipsaw. The company also forecast print-ad revenue would decline 5% to 10% in 2010 and be about flat in 2011.

The improved outlook from Moody’s comes on the heels of this morning’s better-than-expected earnings report from USA Today publisher Gannett.

Sponsored Post

Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.