Top US publishers downgraded by stock analysts

With Goldman Sachs analysts having predicted that online growth will not offset print losses for the newspaper industry over the next four years, two major US publishers have earned "sell" ratings. McClatchy and the New York Times company were downgraded because, according to the analysts, both are "particularly vulnerable" to industry changes. It is argued that, even if they return to health in future, they will not match the 20% margains, and more, previously earned. (Via Chicago Tribune)