OTHER NEWS - Sept. 6, 1991

Duff & Phelps Downgrades Times Mirror Debt: Citing disappointment with Times Mirror Co.’s financial performance, Duff & Phelps lowered its rating on about $1 billion of the media company’s senior debt. Duff & Phelps cut the debt rating to A+ from AA-. Times Mirror owns the Los Angeles Times, Newsday, the Baltimore Sun, the Hartford Courant and other media properties. Duff & Phelps said it is concerned about Times Mirror’s cost structure, particularly at The Times, given the “intensely competitive” newspaper environment in Los Angeles and New York.