Monday, December 04, 2006

Newspaper Forecast Downturn As Readers Defect

Tribune Wire Services
Bloomberg News
By Leon Lazaroff
Salt Lake Tribune
Article Last Updated:12/04/2006

Posted: 6:30 AM- Gannett Co., New York Times Co. and Dow Jones & Co. may give 2007 profit forecasts this week that disappoint investors as readers and advertisers accelerate their defection to the Internet.

While analysts have already cut their estimates for most newspaper publishers this year, executives likely will issue new predictions that are even lower, Goldman Sachs Group Inc. analyst Peter Appert said in a report this week.

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