NYT, Clear Channel Top Most Vulnerable Media Companies List

NYT, Clear Channel Top Most Vulnerable Media Companies List

New York Times Co. and Clear Channel Communications Inc., the largest U.S. radio broadcaster, are among the most vulnerable media companies in the event of a U.S. recession, according to a report by Moody's Corp.

New York Times, Clear Channel, Gannett Co. and Belo Corp. have the greatest chance of having bond ratings lowered if a recession occurs during the next two years, analyst Neil Begley and colleagues said today in the report. Gannett, based in McLean, Virginia, is the largest U.S. newspaper publisher, and Dallas-based Belo Corp. owns the Dallas Morning News.

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