LONDON (Standard & Poor's) Nov. 23, 2006--Despite still-low levels of cash generation, online businesses remain especially attractive acquisition targets for newspaper groups in Europe and the U.S., says a research report published yesterday by Standard & Poor's Ratings Services. Titled "U.S. and European Newspaper Groups Stake Their Future On Multimedia," the report shows that with newspaper circulation on the decline in all developed markets, diversification by these groups into other media, including digital, will be crucial to their future success. "Flush with the perceived net debt capacity surpluses available after generally good financial performances in 2005, newspaper owners in Europe and the U.S. are keen to secure new sources of revenue growth," said Standard & Poor's credit analyst Anna Overton....
Companies mentioned in this report are:
- Belo Corp.
- Daily Mail & General Trust PLC
- Media General Inc.
- Gruppo Editoriale L'Espresso SpA
Action: General Comment
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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article. SHOW LESS READ MORE >