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Non-Tech : NYT: New York Times Co.

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From: joseffy	1/10/2008 10:07:41 AM
	of 13

Goldman Sachs Predicts Grim Year For Newspapers by Erik Sass, Thursday, Jan 10, 2008 publications.mediapost.com NEWSPAPERS WILL TAKE IT ON the chin in 2008, according to analysts with Goldman Sachs, who warned Wednesday of a potential double-whammy, as the industry's secular downturn converges with a broader economic slowdown. Overall, they forecast a 7.9% decline in revenue, a much more substantial drop than their earlier prediction of just 2.6%. The predicted 7.9% drop is especially gloomy as it comes after several years of losses, compounding a 1.8% decline in 2006 and a roughly 8% drop in the first three quarters of 2007 compared to the same period in 2006 (fourth-quarter figures aren't yet available).

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