Pessimism Pervades Newspaper Outlook


Three separate announcements of bad news from newspaper publishers this week have deepened pessimism among industry analysts, who are already predicting that the first quarter of 2001 will be one of the toughest in recent years for the newspaper business.

Dow Jones warned investors for the second time Wednesday that a steep decline in advertising volume at its flagship newspaper, The Wall Street Journal, would result in lower first quarter earnings.

The

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