Thu Oct 23, 2008
* CEO says newspaper asset sales difficult now * Preliminary EPS beats estimates, but expects write-down * Board to review dividend policy before end of year *S&P cuts, Moody's puts company on watch for downgrade * Shares close up two cents (Adds S&P debt rating cut)
By Robert MacMillan
NEW YORK, Oct 23 (Reuters) - The New York Times Co (NYT.N: Quote, Profile, Research, Stock Buzz) posted a quarterly loss from continuing operations on Thursday because of charges for job cuts, and is looking for ways to reduce debt as the changing habits of its readers and deepening financial crisis suck away advertising dollars. http://www.reuters.com/article/mediaNews/idUSN2339808720081023?sp=true