Message-ID: <1009130.1075853153794.JavaMail.evans@thyme> Date: Mon, 22 Oct 2001 11:22:29 -0700 (PDT) From: ayesha.kanji@enron.com To: david.allan@enron.com, om.bhatia@enron.com, marty.blick@enron.com, laura.bosek@enron.com, jay.boudreaux@enron.com, e..carter@enron.com, monika.causholli@enron.com, chris.charbonneau@enron.com, clinton.comeaux@enron.com, bob.crane@enron.com, chris.croom@enron.com, milagros.daetz@enron.com, wendy.dawson@enron.com, peggy.determeyer@enron.com, jay.epstein@enron.com, camille.gerard@enron.com, charles.harris@enron.com, craig.hiddleston@enron.com, david.ho@enron.com, mark.hollingsworth@enron.com, eric.holzer@enron.com, elizabeth.hutchinson@enron.com, todd.krohn@enron.com, david.loh@enron.com, david.marye@enron.com, christine.milliner@enron.com, john.ovanessian@enron.com, eugenio.perez@enron.com, sergio.rascon@enron.com, eric.rhodes@enron.com, ted.rogers@enron.com, robert.saltiel@enron.com, vikram.singh@enron.com, dick.tabbachino@enron.com, ami.thakkar@enron.com, leslie.then@enron.com, michelle.thomason@enron.com, stacey.wales@enron.com Subject: newsprint update, 10/22 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Kanji, Ayesha X-To: Allan, David , Bhatia, Om , Blick, Marty , Bosek, Laura , Boudreaux, Jay , Carter, Karen E. , Causholli, Monika , Charbonneau, Chris , Comeaux, Clinton , Crane, Bob , Croom, Chris , Daetz, Milagros , Dawson, Wendy , Determeyer, Peggy , Epstein, Jay , Gerard, Camille , Harris, Charles , Hiddleston, Craig , Ho, David , Hollingsworth, Mark , Holzer, Eric , Hutchinson, Elizabeth , Krohn, Todd , Loh, David , Marye, David , Milliner, Christine , Ovanessian, John , Perez, Eugenio , Rascon, Sergio , Rhodes, Eric , Rogers, Ted , Saltiel, Robert , Singh, Vikram , Tabbachino, Dick , Thakkar, Ami , Then, Leslie , Thomason, Michelle , Wales, Stacey X-cc: X-bcc: X-Folder: \MCAUSHOL (Non-Privileged)\Deleted Items X-Origin: Causholli-M X-FileName: MCAUSHOL (Non-Privileged).pst Hello Team, According to Editor & Publisher, 5 weeks after the September 11th attacks and 2 weeks into the anthrax scare, daily newspaper circulation is up strongly. Of 40 dailies surveyed by Editor & Publisher during the past 10 days, 34 reported higher circulation, often up 0.5 -1.5%. Acccording to E&P, if sustained, the gains could put the industry on a growth track for the first time in 40 years. Let's see if the increased circulation levels will hold over the next several months - if heightened circulation levels persist, we can assess the impact on newsprint demand. -- The Washington Post reported a decline in 3Q01 net income and revenues as the Company was hit by an industry-wide slump in advertising and the September 11th attacks. The Company reported a net income of $1.6 million, or 14 cents a share, for its 3Q01, compared with $33.5 million, or $3.51 per share, a year ago. The Company's revenues were down 1% from 3Q00. -- Pulitzer posted lower 3Q01 earnings, hurt by weak advertising spending. The publisher of the St. Louis Post-Dispatch and the Arizona Daily Star said its net earnings were $1.5 million, or 7 cents per diluted share, compared with $5 million, or 23 cents per share, a year ago. Revenues in the period totaled $100.6 million, compared with $101.2 million a year earlier. Nothing new here as many publishers have released lower 3Q01 results... -- J.P. Morgan has started coverage of the newspaper publishing sector, with a ``buy'' rating on Knight Ridder and ``long-term buy'' ratings on Gannett and New York Times. The investment bank started Dow Jones & Co. at a ''market perform.'' J.P. Morgan said that it expects U.S. newspapers to experience a decline in advertising revenue of 8.6% this year and a fall of 2.2 % in 2002. JP Morgan said it expects the current trend of declining readership and circulation to reverse in 2003, with growth returning to 2.8% to 3.3%. I will send you any pertinent reports J.P. Morgan releases... I am currently in San Diego at a RISI conference. If you need anything, please call me at (832)721-3286. Ayesha