Newspaper Stocks Up on Goldman Report

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By: E&P Staff Newspaper stocks rose Monday after Goldman Sachs issued an upbeat assessment of the sector, according to CBS.MarketWatch.com.

The financial Web site reported that Goldman Sach's Peter Appert forecasts "accelerating revenue and earnings growth from the newspaper publishers in 2004" in spite of continued weakness in the employment market.

Gannett Co. Inc. was up 2.3% in afternoon trading while Knight Ridder gained 2%. Tribune Co. rose 3% and Dow Jones rose 3.3%.

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