Number of newspaper analysts dwindles - Internet

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Business News

Fannie Mae, Freddie Mac shares tumble on bailout fears (Reuters)

Reuters - Shares of Fannie Mae and Freddie Mac slid at the open on Thursday, on mounting fears that the two mortgage finance companies may need a government bailout, which would wipe out shareholder value.

Analysts see tough quarter for U.S. investment banks (Reuters)

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Lehman outlook dims on failed sale report (Reuters)

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Barnes & Noble profit falls, cuts year sales view (Reuters)
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Global stocks gain, dollar rises towards 2008 peak (Reuters)

Reuters - World stocks edged higher on Wednesday after the previous day's tumble to their lowest level in almost two years attracted some buyers, while rebounding commodity prices helped resource shares.

NEW YORK (Reuters) - Want to buy newspaper stocks? You should see an analyst. Trouble is there aren't many around anymore.

By Robert MacMillanNEW YORK (Reuters) - Want to buy newspaper stocks? You should see an analyst. Trouble is there aren't many around anymore. As the valuations of U.S. newspaper publishers plunge and investor interest wanes, the ranks of stock analysts who rate their performance are thinning.In some ways, there is less need for them as the trend is clear: the U.S. newspaper business is in bad shape and getting worse as readers and advertising dollars flee to the Internet and other new forms of media.But the void in smart thinking on the publishing sector could exacerbate an already bleak view of the business."The fewer analysts you have ... the less information that's distributed, the less appearance there is in the minds of institutional investors," said longtime newspaper analyst John Morton, who runs his own research firm. "And so it diminishes the industry as a whole."Two years ago, investors could get research from more than a dozen analysts. Now, they are lucky to find half that number. Prudential cut all its sell-side analysts as it exited the research business and other firms have pruned, including Citigroup, Morgan Stanley and UBS.Much of that stemmed from slowing revenue in slumping financial markets as well as regulatory changes that make big research departments less affordable for investment banks.Failure to replenish these ranks could wipe out decades of intelligence, and critical thinking about the business of newspapers could well disappear over time.

Other news from Internet category:

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Software News

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Palm unveils Treo Pro to battle BlackBerry (Reuters)

Reuters - Palm Inc unveiled a Treo smartphone Wednesday based on Microsoft Corp software to compete for business users against rivals such as Research In Motion's BlackBerry.

Internet to the rescue for work-bound viewers - 21, Aug 2008

Games attract record viewers and Internet a hit - 20, Aug 2008

Germans urge tougher laws after new privacy scandal - 19, Aug 2008

Pisces for the pool, Taurus for the pole vault - 19, Aug 2008

British "Mr Fix-it" al Qaeda cyber-recruiter jailed - 19, Aug 2008

Georgia cuts access to Russian websites, TV news - 19, Aug 2008

UK pedophile was "librarian" for global abuse ring - 18, Aug 2008

NBC builds online audience even as TV ratings soar - 15, Aug 2008

Gannett to cut 1,000 newspaper jobs: memo - 15, Aug 2008

New York Web site gives juicy details on city's notables - 15, Aug 2008