10 January 2008

goldman sachs cuts earning forecasts for gannett; others

lets help make goldman sachs prediction come true! - stop paying for the lies and propaganda. stop enriching the coffers of the gannett corporate media criminals of the: alexandria daily town talk, the lafayette daily advertiser, the opelousas daily world, the shreveport times and the monroe news star. stop patronizing their advertisers as well.

by Erik Sass, Thursday, Jan 10, 2008 7:45 AM ET

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).

As always, the collapse in classifieds leads the way. In a note to clients, GS said: "We expect the classified categories to be very weak with the real estate, help wanted and auto categories particularly sensitive to broader economic activity." All three categories are also suffering from intense competition from the Internet.

The downturn in the housing market has led to a meltdown in real-estate classifieds in particular, with overall real-estate classifieds falling 24.4% in the third quarter of 2007, compared to 2006. Recruitment is down 19.7%, and automobiles 17.7% in the same period.

As a result, GS cut earnings forecasts for the New York Times Company, McClatchy, Gannett, Belo, Journal Communications, and E.W. Scripps.
excerpt from the media criminals by eric hufschmid:
They are criminals, not executives

The people who control the media are often described as "executives", but they should be referred to as "criminals" because they are deceiving us with propaganda; providing entertainment and sexual titillation to distract us; and suppressing people who try to expose their crimes.

Many people on the Internet refer to this group as "The Powers That Be" (TPTB), but they are not powerful. They should be described as Criminals On The Loose (COTL).

They only have control over our media because so many people allow them to have control. It would not be difficult for us to get them out of our lives, clean up our history books, and provide ourselves with more serious news organizations.

What effect do they have on children?

These media criminals provide infantile and psychotic entertainment in their television shows, newspapers, magazines, movies, and other forms of propaganda. Diarrhea, bathrooms, and sex are a common subject. [...]

Are you supporting
these media criminals?

Most of our friends, relatives, and neighbors are supporting the media criminals financially by purchasing their deceptive publications and Hollywood movies.

Each of us has a choice in regards to the publications we support. We can read articles such as this one, or we can buy a Newsweek magazine or a New York Times newspaper.

Nobody is forcing any us to do anything. However, most people are choosing to watch the deceptive news, and read the deceptive publications.

The media criminals are not providing us with "news". Rather, they are providing us with propaganda to promote their particular view of the world, and to cover up their crimes.

Tell your friends and relatives that if they support criminals, they should expect more crime. If they want a better world, they have to support people who are respectable.

here to read more
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