JP Morgan warns newspaper stocks could fall further

Posted by Dominic Ponsford on 13 August 2008 at 10:04
Tags: Media Business, National Newspapers, Regional Newspapers

After a recent rally for Trinity Mirror’s share price, broker JP Morgan has downgraded it to “underweight”. Citing the various pressures on newspaper advertising, Morgan said that UK newspaper stocks, which have dropped by 40 per cent since the start of the year, could fall further, The Times states in today’s market report.

Tags: Media Business, National Newspapers, Regional Newspapers