PaidContent.org and the Silicon Alley Insider both commented today on the New York Times revolving credit agreements due in May 2009. The company has only $46 million of cash on hand while advertising revenues are contracting.

Inside it’s 10-Q: “Based on these discussions, we expect that we will be able to manage our debt and credit obligations as they mature.” However, the NYT hasn’t provided any details on exactly how it will manage this credit crunch.